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

Hot Keywords

  • Inventory data
  • Air pollution
  • Market commentary
  • Production data
  • Macroeconomics
  • Zinc
  • Morning comments
  • Futures movement
  • Aluminium
  • NPI
  • Copper
  • Nickel
  • Nickel ore
  • In the United States
  • trade negotiations

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

Price Review & Forecast 09:27:09AM Aug 21, 2015 Source:SMM

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

Key Words:  SHFE zinc prices 

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

Price Review & Forecast 09:27:09AM Aug 21, 2015 Source:SMM

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

Key Words:  SHFE zinc prices