SHFE Zinc Trades down (Mar. 8, 2016)

Published: Mar 8, 2016 17:22

Save

SHFE 1605 zinc dipped to RMB 14,165/mt during Tuesday trading session due to profit-taking by longs and moved around RMB 14,250/mt.

SHANGHAI, Mar. 8 (SMM) – SHFE 1605 zinc dipped to RMB 14,165/mt during Tuesday trading session due to profit-taking by longs and moved around RMB 14,250/mt, to close at RMB 14,290/mt, a fall of RMB 245/mt. Trading volumes dropped 183,000 to 851,000 lots while positions fell 18,000 to 181,000. Positions for all SHFE zinc contracts plunged 26,000 to 381,000with trading volumes above 1 million lots.

Poor reading of China’s trade data led to losses in Chinese stock market while ferrous metals hit by upside daily limit, which however, did not be extended to base metals market.

SHFE 1605 zinc will test support at the 10-day moving average this evening.

SHFE zinc prices

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

For any inquiries or for more information, please contact: lemonzhao@smm.cn

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

Related News

Sep 11, 2026 18:00

Domestic High-Grade NPI Costs Drop, but Profit Margins Squeeze Amid Falling Selling Prices

[SMM Nickel Flash] Domestic high-grade NPI production costs declined this week. Lower Philippine nickel ore prices, coupled with a pullback in coke prices, reduced smelting raw material costs. However, NPI selling prices fell significantly over the same period, dragging on profitability and narrowing profit margins for domestic smelters.

Sep 11, 2026 18:00

SMM 10-12% High-Grade NPI Price Drops to 1,095.5 Yuan/Unit, Indonesia NPI FOB Index Falls to $141.14/Unit

[SMM Nickel Flash] The average price of SMM 10-12% high-grade NPI fell by 17.7 yuan/nickel unit WoW to 1,095.5 yuan/nickel unit (ex-factory, tax included), while the average price of the Indonesia NPI FOB index dropped by $2.93/nickel unit WoW to $141.14/nickel unit. This week, the high-grade NPI market continued to weaken, with the price center moving steadily lower. Upstream and downstream price negotiations intensified, and the market entered a stalemate, consolidating at lows.

Sep 11, 2026 18:00

Sep 11, 2026 17:45

[SMM Analysis] High-Grade NPI Prices Decline as Supply Recovers and Market Activity Slows

The average price of SMM 10-12% high-grade NPI fell WoW by 17.7 yuan/nickel unit to 1,095.5 yuan/nickel unit (ex-factory, tax included), and the average price of the Indonesia NPI FOB index fell WoW by $2.93/nickel unit to $141.14/nickel unit. This week, the high-grade NPI market continued to weaken, with the price center shifting steadily lower. Price negotiations between upstream and downstream intensified, and the market entered a phase of stagnant consolidation at lows.

Sep 11, 2026 17:45