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Home / Metal News / SHFE Zinc to Inch Lower (2016-5-23)

SHFE Zinc to Inch Lower (2016-5-23)

May 23, 2016 10:20

US rig count stopped falling, so crude oil fell from USD 50/bbl. LME zinc is expected to fall to USD 1,840-1,870/mt today.

SHANGHAI, May 23 (SMM) – US rig count stopped falling, so crude oil fell from USD 50/bbl. LME zinc is expected to fall to USD 1,840-1,870/mt today. SHFE 1607 zinc should fluctuate between RMB 14,900-15,150/mt today, and spot #0 zinc prices will trade RMB 30-0/mt against SHFE 1607 zinc.

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

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

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

SHFE Zinc Prices Closed with Gains (Nov. 20, 2015)

SHFE 1601 zinc contract prices opened at RMB 12,000/mt Thursday evening, then dipped to RMB 11,815/mt due to selling pressure, and closed at RMB 12,120/mt, down RMB 70/mt.

Nov 20, 2015 19:25

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 (2015-10-30)

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

LME Zinc to Fall to Test $1,700 Next Week, SMM Says

LME zinc prices will move between $1,670-1,760 per tonne next week, testing support from $1,700, SMM foresees.

Oct 23, 2015 15:48

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SHFE Zinc to Inch Lower (2016-5-23)

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