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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

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

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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