[Zn Price] SHFE Zinc Prices Closed with Declines (Jul. 27, 2015)

Published: Jul 27, 2015 17:37 (GMT+8)
SHFE 1509 zinc contract prices opened at RMB 15,000/mt last Friday evening, then fell to a four-week low of RMB 14,840/mt.

SHANGHAI, Jul. 23 (SMM) – SHFE 1509 zinc contract prices opened at RMB 15,000/mt last Friday evening, then fell to a four-week low of RMB 14,840/mt, but clawed back some losses at the end of trading, and closed at RMB 14,940/mt, down RMB 45/mt or 0.3%.

SHFE 1509 zinc contract prices fluctuated around RMB 15,800/mt after opening. As China’s A-share market extended losses in the afternoon, SHFE 1509 zinc contract prices dipped to as low as RMB 15715/mt, and closed at RMB 15,750/mt, down RMB 330/mt or 2.19%. Trading volumes decreased 3,936 lots to 114,228 lots, and total positions grew 1,276 to 104,618. SHFE 1509 zinc contract prices are expected to fall to RMB 14,600/mt.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
【Flash | Tubacex October Mo-Bearing Tube Surcharges Are Mixed】
10 hours ago
【Flash | Tubacex October Mo-Bearing Tube Surcharges Are Mixed】
Read More
【Flash | Tubacex October Mo-Bearing Tube Surcharges Are Mixed】
【Flash | Tubacex October Mo-Bearing Tube Surcharges Are Mixed】
Tubacex issued its October tube alloy surcharges. In euros, hot-/cold-finished 316/316L fell from €5.07/€5.59 per kg (€5,070/€5,590 per tonne) to €5.05/€5.56 per kg (€5,050/€5,560 per tonne). High Mo content materials, with Mo above 2.5%, declined from €5.26/€5.79 to €5.23/€5.76 per kg. Surcharges for 2205 and 2507 were unchanged, while 254 SMO rose from €9.64/€10.62 to €9.67/€10.65 per kg. SMM analysis: most Mo-bearing tube grades were flat or slightly lower, while 254 SMO moved higher, indicating differentiated cost transmission across grades.
10 hours ago
[SMM Stainless Steel Flash] India stainless scrap prices diverge as 304 eases with nickel and tight 316 holds firm
10 hours ago
[SMM Stainless Steel Flash] India stainless scrap prices diverge as 304 eases with nickel and tight 316 holds firm
Read More
[SMM Stainless Steel Flash] India stainless scrap prices diverge as 304 eases with nickel and tight 316 holds firm
[SMM Stainless Steel Flash] India stainless scrap prices diverge as 304 eases with nickel and tight 316 holds firm
India's stainless steel scrap market moved in different directions in the week ended 1 October. Domestic 304 scrap prices edged lower and import offers followed, while 316 prices held steady in both the domestic and import markets. Weaker LME nickel prices weighed on 304 sentiment, and buyers stuck to immediate requirements as trading slowed over the festive period. Tight availability limited downside for 316. On procurement, short processing windows following the government's relaxation of Pre-Shipment Inspection Certificate (PSIC) requirements, along with additional import costs, continued to limit mills' flexibility. Some mills are evaluating billets, slabs and nickel pig iron (NPI) as alternatives to scrap to manage input costs. Looking further out, the EU's proposal to restrict metal waste exports to India under its new Waste Shipment Regulation (WSR) would, if adopted, further narrow India's scrap import options. In the near term, 304 scrap faces mild downward pressure if nickel stays weak, while 316 is expected to remain firm as long as supply stays tight. PSIC developments and the relative economics of billets and NPI will be key factors to watch.
10 hours ago
【Flash | Metallus Raises October Molybdenum Surcharge Component for 300M Steel】
11 hours ago
【Flash | Metallus Raises October Molybdenum Surcharge Component for 300M Steel】
Read More
【Flash | Metallus Raises October Molybdenum Surcharge Component for 300M Steel】
【Flash | Metallus Raises October Molybdenum Surcharge Component for 300M Steel】
Metallus set its October raw-material surcharges for Oct 1–30. The Mo component for 300M steel rose 0.52% to $15.176/cwt, about $334.57/t of steel, from $15.098/cwt, or $332.85/t. The listed total surcharge increased 1.03% to $45.054/cwt. Scrap rose to $17.750/cwt, while the separate energy surcharge for bars and tubes fell from $1.296/cwt, about $28.57/t, to $0.050/cwt, or $1.10/t.
11 hours ago