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Home / Metal News / LME Zinc to Meet Resistance (2016-3-30)

LME Zinc to Meet Resistance (2016-3-30)

Mar 30, 2016 09:49

LME zinc will meet resistance and move between USD 1,785-1,810/mt during Asian trading hours Wednesday.

SHANGHAI, Mar. 30 (SMM) – LME zinc will meet resistance and move between USD 1,785-1,810/mt during Asian trading hours Wednesday.

SHFE 1605 zinc should range RMB 14,100-14,250/mt on Mar. 30. In China’s spot market, spot #0 zinc will be offered at discounts of RMB 50-90/mt against SHFE 1605 zinc. SMM #0 zinc should edge down RMB 50-100/mt. Zinc smelters are expected to maintain normal shipment to market and downstream buyers may purchase as needed.

Key Macroeconomic Indicators for Base Metal Prices (2016-3-30)

LME zinc prices

SHFE zinc prices

Zn Price

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.

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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

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

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

40% Investors Bearish toward Zinc Prices, SMM Survey

LME zinc rallied above USD 1,600/mt level last week, but rolled back early gains and fell to USD 1,550/mt last Friday.

Dec 1, 2015 10:35

SMM Comments

LME Zinc to Remain Flat (2015-11-26)

Investors will remain cautious as US markets are closed today due to the Thanksgiving Day holiday.

Nov 26, 2015 09:29

SMM Comments

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LME Zinc to Meet Resistance (2016-3-30)

SMM Events & Webinars

NET ZERO CHINA Field Trip

SMM Indonesia Seminar: Li-ion Battery & Energy Storage

2025 ASIA BATTERY MATERIAL COOPERATION SALON