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Home / Metal News / SHFE Zinc to Inch down (2016-5-3)

SHFE Zinc to Inch down (2016-5-3)

May 3, 2016 09:28

China’s official manufacturing PMI in April was above 50, but fell short of market expectations.

SHANGHAI, May 3 (SMM) – China’s official manufacturing PMI in April was above 50, but fell short of market expectations. Caixin’s April manufacturing PMI for China will be released today. Gold surged above USD 1,300/mt, while crude oil weakened. LME zinc is expected to weaken to USD 1,900-1,940/mt today. SHFE 1607 zinc should fall to RMB 15,100-15,300/mt today, and spot #0 zinc prices will trade RMB 60-10/mt below SHFE 1607 zinc.

Key Macroeconomic Indicators for Base Metal Prices (2016-5-3)

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.

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LME zinc is expected to fluctuate between USD 1,850-1,900/mt today.

May 13, 2016 09:21

SMM Comments

SHFE Zinc Prices Close Lower (Mar. 23, 2016)

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

87% Chinese Investors Neutral toward Zinc, SMM Survey

SMM survey of 30 industry insiders finds that about 87% are neutral.

Mar 1, 2016 09:15

SMM Comments

SHFE Zinc Prices Post Declines (Feb. 17, 2016)

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

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

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SHFE Zinc to Inch down (2016-5-3)

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