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Home / Metal News / SHFE Zinc to Hold Firm (2016-6-29)

SHFE Zinc to Hold Firm (2016-6-29)

Jun 29, 2016 09:38

Source:SMM

SHFE 1608 zinc should remain strong on June 29 and range RMB 16,000-16,400/mt with longs entering market.

SHANGHAI, Jun. 29 (SMM) – SHFE 1608 zinc should remain strong on June 29 and range RMB 16,000-16,400/mt with longs entering market.

Markets expect US core PCE price index for May to be positive and thus the improving inflation data may quicken the rate hike pace by US Fed. Market sentiment picks up following the release of UK’s referendum result.

LME zinc is expected to move between USD 2,050-2,100 today. Spot #0 zinc prices will trade RMB 20-50/mt below SHFE 1608 zinc.

Key Macroeconomic Indicators for Base Metal Prices (2016-6-29)

SHFE zinc prices

Zn Price

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LME zinc is expected to weaken early next week but then rally, moving in the $1,980-2,080 per tonne range, SMM predicts.

Jun 17, 2016 15:27

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SHFE Zinc Prices Close with Small Losses (2016-6-8)

SHFE 1608 zinc opened at RMB 15,705/mt last evening.

Jun 8, 2016 17:27

SMM Comments

47% Chinese Investors Bullish toward Zinc Price, SMM Survey

SMM survey of 30 industry insiders finds that about 47% are bullish toward zinc price trends this week, expecting LME zinc to challenge USD 2,050/mt.

Jun 7, 2016 09:36

SMM Comments

SHFE Zinc Prices Close Higher (2016-6-3)

SHFE 1607 zinc opened at RMB 15,580/mt last evening, and closed at RMB 15,540/mt.

Jun 3, 2016 16:34

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SHFE Zinc to Remain Range-Bound (2016-3-23)

LME zinc posted five-day win streak, and is expected to consolidate between USD 1,840-1,880/mt today.

Mar 23, 2016 09:09

SMM Comments

47% Chinese Investors Bullish toward Zinc, SMM Survey

SMM survey of 30 industry insiders finds that about 47% are bullish toward zinc price trends this week, expecting LME zinc to rise to USD 1,880/mt.

Mar 7, 2016 19:22

SMM Comments

SHFE Zinc Prices Close with Increases (Mar. 4, 2016)

SHFE 1605 zinc contract prices opened at RMB 14,490/mt on Thursday evening and closed at RMB 14,500/mt, up RMB 105/mt.

Mar 4, 2016 19:28

SMM Comments

LME Zinc Poised to Rise Further Next Week

LME zinc prices should breach $1,800 per tonne next week, moving in the $1,780-1,880 per tonne range, SMM says.

Mar 4, 2016 15:19

SMM Insight

SMM Zinc Market Morning Review (2015-10-20)

LME zinc prices opened at USD 1,802/mt on Monday, then touched as high as USD 1,809/mt, but fell back to USD 1,775.5/mt, and closed at USD 1,789.5/mt, down USD 14/mt or 0.78%.

Oct 20, 2015 10:12

SMM Comments

SHFE Zinc Prices Closed with Gains (Sept. 30, 2015)

SHFE 1511 lead contract prices opened at RMB 13,200/mt, with the high-end of the price range RMB 13,270/mt, and closed at RMB 13,245/mt, up RMB 185/mt.

Sep 30, 2015 15:48

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SHFE Zinc to Hold Firm (2016-6-29)

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