SMM Zinc Market Daily Review (2015-8-20)

Published: Aug 21, 2015 09:27

Save

SHFE 1510 zinc contract prices opened at RMB 14,680/mt Wednesday evening, then touched RMB 14,775/mt, and struggled around RMB 14,700/mt, and closed at RMB 14,715/mt, up RMB 95/mt or 0.65%.

SHANGHAI, Aug. 21 (SMM) –SHFE 1510 zinc contract prices opened at RMB 14,680/mt Wednesday evening, then touched RMB 14,775/mt, and struggled around RMB 14,700/mt, and closed at RMB 14,715/mt, up RMB 95/mt or 0.65%. SHFE 1510 zinc contract prices touched RMB 14,805/mt on Thursday, but fell back with plunging A-share market in China, and closed at RMB 14,740/mt, up RMB 120/mt or 0.82%. Trading volumes decreased 3,352 to 92,484 lots, and total positions decreased 286 to 144,220. SHFE 1509 zinc contract prices will move sideways.

#0 zinc prices were between RMB 14,890-14,950/mt, RMB 220-250/mt above SHFE 1510 zinc contract prices on Tuesday. #1 zinc prices were RMB 14,820/mt. Spot premiums of imported #0 zinc were RMB 50-120/mt against SHFE 1510 zinc contract prices. Smelters sold normally, and downstream buyers preferred imported zinc. Traders bought at lows, with overall trading quiet and prices between RMB 14,930-14,980/mt. Spot premiums held firm above RMB 220/mt

SHFE zinc prices

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 to learn 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

5 hours ago

Platinum Prices Edged Up Intraday, Spot Discounts Held Steady and Market Transactions Were Normal [SMM Daily Review]

5 hours ago

6 hours ago

Silver Prices Rose Slightly as the Spot-Futures Price Spread Widened; Approaching Month-End, Trading in the Spot Market Remained Sluggish [SMM Daily Review]

6 hours ago

Gold – From the Iran War to Global Financial Catastrophe

For almost four weeks, the war against Iran has kept the world on edge – a conflict that leaves deep marks not only geopolitically but also economically. Volatility and uncertainty in global markets are increasing daily.

6 hours ago