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Home / Metal News / Shanghai Zinc to Edge up (2016-2-2)

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

Feb 2, 2016 10:13

Source:SMM

The market will lack solid macroeconomic news today.

SHANGHAI, Feb. 2 (SMM) – The market will lack solid macroeconomic news today.LME zinc is expected to move between USD 1,640-1,670/mt today. SHFE 1604 zinc will rise to RMB 13,250-13,450/mt today.

See forecast for other base metals, please click: Waning Spot Trades to Weigh on SHFE Base Metal Prices, SMM Says

Spot #0 zinc prices will trade RMB 150-50/mt below SHFE 1603 zinc contract prices.

Key Macroeconomic Indicators for Base Metal Prices (2016-2-2)

SHFE zinc prices

LME zinc prices

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

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

SHFE 1604 zinc contract prices opened at RMB 13,660/mt on Tuesday evening and closed at RMB 13,655/mt, down RMB 60/mt.

Feb 17, 2016 19:10

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

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

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

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

SMM Zinc Market Morning Review (2015-10-29)

LME zinc prices opened at USD 1,740.5/mt on Wednesday, then dropped to RMB 1,722/mt, but clawed back early losses as crude oil prices surged over 6%, and closed at USD 1,737/mt.

Oct 29, 2015 10:05

SMM Comments

SMM Zinc Market Daily Review (2015-10-26)

SHFE 1512 zinc contract prices opened at RMB 14,215/mt last Friday evening, then fell to RMB 14,020/mt and closed at RMB 14,020/mt, up RMB 20/mt.

Oct 27, 2015 10:07

SMM Comments

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

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