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Home / Metal News / SHFE Zinc to Consolidate in Narrow Range (2016-5-25)

SHFE Zinc to Consolidate in Narrow Range (2016-5-25)

May 25, 2016 09:41

Source:SMM

API crude oil inventories for the US released today dropped sharply, driving up oil prices toward USD 50/mt.

SHANGHAI, May 25 (SMM) –API crude oil inventories for the US released today dropped sharply, driving up oil prices toward USD 50/mt. LME zinc is expected to hover between USD 1,800-1,850/mt today. SHFE 1607 zinc should fluctuate between RMB 14,500-14,700/mt today, and spot #0 zinc prices will trade RMB 30/mt above SHFE 1607 zinc.

Key Macroeconomic Indicators for Base Metal Prices (2016-5-25)

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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Dec 15, 2015 09:19

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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

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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%.

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SMM Comments

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SHFE Zinc to Consolidate in Narrow Range (2016-5-25)

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