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Home / Metal News / Shanghai Zinc to Remain Relatively Firm (2016-1-18)

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

Jan 18, 2016 10:08

Source:SMM

There will not be any significant macroeconomic news today.

SHANGHAI, Jan. 18 (SMM) – There will not be any significant macroeconomic news today. Brent crude oil prices fell below USD 28/bbl, weighing on base metals. LME zinc is expected to fall to USD 1,450-1,480/mt today. SHFE 1603 zinc will remain firm between RMB 12,350-12,550/mt today.

See forecast for other base metals, please click: Price Pattern of Stronger Shanghai Prices to Change, SMM Says

Spot #0 zinc prices will trade RMB 50/mt below or RMB 10/mt above SHFE 1603 zinc contract prices.

Key Macroeconomic Indicators for Base Metal Prices (2016-1-18)

SHFE zinc 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 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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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

SHFE Zinc to Edge up (2015-12-29)

The LME market reopened today, with LME zinc expected to move between USD 1,535-1,565/mt. SHFE 1603 zinc will rise to RMB 12,900-13,100/mt today.

Dec 29, 2015 09:47

SMM Comments

SHFE Zinc to Remain Bullish (2015-12-28)

The LME market remains closed today.

Dec 28, 2015 09:42

SMM Comments

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

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

Dec 17, 2015 10:03

SMM Comments

SHFE Zinc Prices Closed with Gains (Nov. 20, 2015)

SHFE 1601 zinc contract prices opened at RMB 12,000/mt Thursday evening, then dipped to RMB 11,815/mt due to selling pressure, and closed at RMB 12,120/mt, down RMB 70/mt.

Nov 20, 2015 19:25

SMM Comments

SMM Zinc Market Morning Review (2015-11-2)

LME zinc prices opened at USD 1,703/mt last Friday, then dropped to RMB 1,690/mt, and dipped to a three-week low of USD 1,685/mt, and closed at USD 1,711/mt, up USD 6.5/mt.

Nov 2, 2015 10:23

SMM Comments

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

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