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

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

Price Review & Forecast 09:54:08AM Sep 10, 2015 Source:SMM

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. 


Key Words:  LME zinc prices 

Price

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#1 Refined Cu
Nov.21
47065.0
-125.0
(-0.26%)
Standard-Grade Copper
Nov.21
47050.0
-125.0
(-0.26%)
High-Grade Copper
Nov.21
47075.0
-125.0
(-0.26%)
Guixi Copper
Nov.21
47085.0
-120.0
(-0.25%)
Low-Quality Copper
Nov.21
47010.0
-120.0
(-0.25%)

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

Price Review & Forecast 09:54:08AM Sep 10, 2015 Source:SMM

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. 


Key Words:  LME zinc prices