Home / Metal News / Copper / SMM Zinc Market Morning Review (2015-11-10)
SMM Zinc Market Morning Review (2015-11-10)
Nov 10,2015 11:04CST
price review forecast
Source:SMM
LME zinc prices opened at USD 1,661/mt on Monday, and reached USD 1,674/mt in Asian trading session, but rolled back early gains in Europe and US trade session, and closed at USD 1,639.5/mt.

SHANGHAI, Nov. 10 (SMM) –LME zinc prices opened at USD 1,661/mt on Monday, and reached USD 1,674/mt in Asian trading session, but rolled back early gains in Europe and US trade session, and closed at USD 1,639.5/mt, down USD 25.5/mt. Trading volumes were down 1,145  to 7,843, and total positions increased 798 to 284,000.

SHFE 1601 zinc contract prices opened at RMB 13,540/mt Monday evening, then hovered around RMB 13,500/mt, and closed at RMB 13,415/mt, down RMB 105/mt. Trading volumes were 90,000 lots, and total positions increased 4,390 to 169,000.

LME zinc prices are expected to move between USD 1,630-1,660/mt today. SHFE 1601 zinc contract prices will hover between RMB 13,300-13,500/mt, with spot prices RMB 180-250/mt above SHFE 1601 zinc contract prices. 


LME zinc prices

For queries, please contact Frank LIU at liuxiaolei@smm.cn

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

Related news