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Home / Metal News / SHFE Zinc to Edge Lower (2016-5-10)

SHFE Zinc to Edge Lower (2016-5-10)

May 10, 2016 09:41

Source:SMM

China’s April PPI due for release today is not promising.

SHANGHAI, May 10 (SMM) – China’s April PPI due for release today is not promising. Base metals to remain weak. LME zinc is expected to move between USD 1,810-1,850/mt today. SHFE 1607 zinc should fluctuate between RMB 14,400-14,600/mt today, and spot #0 zinc prices will trade RMB 30-20/mt below SHFE 1607 zinc.

Key Macroeconomic Indicators for Base Metal Prices (2016-5-10)

SHFE zinc prices

LME zinc prices

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SHFE 1605 zinc contract prices opened at RMB 14,360/mt on Thursday evening and closed at RMB 14,395/mt, up RMB 100/mt.

Mar 3, 2016 20:17

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 to Test RMB 13,500/mt (2016-1-4)

China’s official manufacturing PMI rose slightly, and Caixin’s December PMI for China is expected to improve.

Jan 4, 2016 09:55

SMM Comments

33% Investors Expect Zinc to Climb, SMM Survey

zinc surged last Friday due to rumors that China’s State Reserve will build metal reserves, and remained high on Monday.

Dec 15, 2015 09:19

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 Move between USD 1,520-1,550/mt (2015-11-24)

LME zinc prices are expected to move between USD 1,520-1,550/mt today. SHFE 1601 zinc contract prices will hover between RMB 12,400-12,600/mt.

Nov 24, 2015 09:52

SMM Comments

SMM Zinc Market Morning Review (2015-11-13)

LME zinc prices opened at USD 1,622/mt on Thursday, and fell to USD 1,585.5/mt in Europe and US trade session, but rallied later on and closed at USD 1,611/mt, down USD 16/mt.

Nov 13, 2015 09:55

SMM Comments

SMM Zinc Market Morning Review (2015-11-12)

LME zinc prices opened at USD 1,607/mt on Wednesday, and fell to USD 1,553.5/mt, but rallied to USD 1,600/mt.

Nov 12, 2015 10:01

SMM Comments

SMM Zinc Market Morning Review (2015-11-11)

LME zinc prices opened at USD 1,643/mt on Tuesday, and fell to USD 1,576/mt, a new low since July 2009.

Nov 11, 2015 10:04

SMM Comments

SMM Zinc Market Morning Review (2015-10-30)

LME zinc prices opened at USD 1,736/mt on Thursday, then dropped to a low of RMB 1,702.5/mt, and closed at USD 1,704.5/mt, down USD 32.5/mt or 1.87%.

Oct 30, 2015 10:08

SMM Comments

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SHFE Zinc to Edge Lower (2016-5-10)

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