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Home / Metal News / Shanghai Zinc to Hover around 20-Day Moving Average (2015-12-17)

Shanghai Zinc to Hover around 20-Day Moving Average (2015-12-17)

Dec 17, 2015 10:03

Source:SMM

The US dollar rose after Fed rate hike decision, weighing down base metals.

SHANGHAI, Dec. 17 (SMM) – The US dollar rose after Fed rate hike decision, weighing down base metals.LME zinc prices dipped yesterday and are expected to move between USD 1,500-1,530/mt today. SHFE 1602 zinc contract prices will hover between RMB 12,550-12,750/mt today.

See forecast for other base metals, please click: No Big Impact on Base Metal Prices from US Rate Hike, SMM Says

In China’s spot markets, zinc smelters will sell normally. Traders will sell aggressively, leaving supply sufficient. Spot zinc should trade RMB 0-100/mt below SHFE 1602 zinc contract prices.

Key Macroeconomic Indicators for Base Metal Prices (2015-12-17)

SHFE zinc prices

LME zinc prices

zinc prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

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LME zinc rose over 6% last week, rising to USD 2,150/mt.

Jul 5, 2016 09:28

SMM Comments

SHFE Zinc Prices Close Lower (Mar. 23, 2016)

SHFE 1605 zinc contract prices opened at RMB 14,445/mt Tuesday evening.

Mar 23, 2016 17:23

SMM Comments

Shanghai Zinc to Climb with LME Zinc (2016-3-3)

Stock and commodity markets rose as risk appetite grew.

Mar 3, 2016 09:14

SMM Comments

Shanghai Zinc to Edge up (2016-2-2)

The market will lack solid macroeconomic news today.

Feb 2, 2016 10:13

SMM Comments

23% Chinese Investors Still Bullish toward Zinc, SMM Survey

SMM survey of over 30 industry insiders finds that 57% are neutral, expecting LME zinc to hover between USD 1,570-1,630/mt and SHFE 1604 zinc to fluctuate between RMB 12,900-13,300/mt.

Feb 2, 2016 09:27

SMM Comments

LME Zinc to Consolidate at Highs Next Week

LME zinc is expected to fluctuate at highs between $1,550-1,630 per tonne next week.

Jan 29, 2016 16:17

SMM Insight

China February Zinc Concentrate TCs Hold Stable, with TCs of Imported Ore Lower

TCs of domestic zinc concentrate (50%) were stable at 5,300-5,400 yuan per tonne (zinc content) for February.

Jan 29, 2016 11:17

SMM Insight

Shanghai Zinc to Consolidate at Highs (2016-1-28)

Base metals are expected to maintain upward momentum on weakening US dollar index.

Jan 28, 2016 09:45

SMM Comments

Shanghai Zinc to Remain Relatively Firm (2016-1-18)

There will not be any significant macroeconomic news today.

Jan 18, 2016 10:08

SMM Comments

Chinese Zinc Scrap prices drop in line with SHFE Zinc Futures

Chinese zinc scrap prices dropped on Scrap Register Price Index as on Wednesday in line with zinc futures prices at Shanghai Futures Exchange.

Jan 7, 2016 19:06

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Shanghai Zinc to Hover around 20-Day Moving Average (2015-12-17)

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