Home / Metal News / SMM Zinc Market Daily Review (2015-8-20)

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

iconAug 21, 2015 09:27
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 exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news

SMM Events & Webinars

All