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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

Source: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.

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

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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

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SMM Comments

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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

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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)

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

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