SMM Zinc Market Morning Review (2015-9-10)

Published: Sep 10, 2015 09:54

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LME zinc prices opened at USD 1,813/mt on Wednesday, testing USD 1,840/mt but fell back, and dropped to USD 1,815/mt and closed at USD 1,817/mt, down USD 3/mt or 0.16%.

SHANGHAI, Sept. 10 (SMM) –LME zinc prices opened at USD 1,813/mt on Wednesday, testing USD 1,840/mt but fell back, and dropped to USD 1,815/mt and closed at USD 1,817/mt, down USD 3/mt or 0.16%.

SHFE 1511 zinc contract prices opened at RMB 14,960/mt Wednesday evening, then rolled back early gains and closed at RMB 14,845/mt, down RMB 60/mt. Total trading volumes were down 44,056 to 38,628 lots, and total positions decreased 508 to 124,000.

LME zinc prices are expected to move between USD 1,795-1,825/mt today. SHFE 1511 zinc contract prices will hover between RMB 14,700-14,900/mt today, with spot prices ranging from RMB 30/mt below to RMB 30/mt above SHFE 1510 zinc contract prices.

LME 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.

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