SMM Zinc Market Morning Review (2015-9-1)-Shanghai Metals Market

Hot Keywords

  • Zinc
  • MMi Iron Ore Port Index
  • Nickel
  • Aluminium
  • Inventory data
  • Futures movement
  • trend forecast
  • Evening comments
  • Wanbao Minerals
  • Stainless steel spot
  • Macroeconomics
  • Copper
  • price
  • SMM brief review
  • Operating rates

SMM Zinc Market Morning Review (2015-9-1)

Price Review & Forecast 09:59:55AM Sep 01, 2015 Source:SMM

SHANGHAI, Sept. 1 (SMM) – The LME market was closed yesterday due to the summer bank holiday.

SHFE 1511 zinc contract prices opened at RMB 14,610/mt Monday evening, then dipped to RMB 14,565/mt, but raced up to RMB 14700/mt due to short covering and closed at RMB 14,690/mt, down RMB 40/mt or 0.27%. Total trading volumes were down 24,000 to 21,140 lots, and total positions declined 142 to 118,758.

LME market reopened today, with prices expected to move between USD 1,780-1,820/mt. SHFE 1511 zinc contract prices will hover between RMB 14,580-14,750/mt today, with spot premiums of RMB 90-150/mt.


SMM Zinc Market Morning Review (2015-9-1)

Price Review & Forecast 09:59:55AM Sep 01, 2015 Source:SMM

SHANGHAI, Sept. 1 (SMM) – The LME market was closed yesterday due to the summer bank holiday.

SHFE 1511 zinc contract prices opened at RMB 14,610/mt Monday evening, then dipped to RMB 14,565/mt, but raced up to RMB 14700/mt due to short covering and closed at RMB 14,690/mt, down RMB 40/mt or 0.27%. Total trading volumes were down 24,000 to 21,140 lots, and total positions declined 142 to 118,758.

LME market reopened today, with prices expected to move between USD 1,780-1,820/mt. SHFE 1511 zinc contract prices will hover between RMB 14,580-14,750/mt today, with spot premiums of RMB 90-150/mt.