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Home / Metal News / SHFE Zinc to Fall Back (2016-7-14)

SHFE Zinc to Fall Back (2016-7-14)

Jul 14, 2016 09:03

Source:SMM

The Bank of UK is expected to lower interest rate by 25 basis points today.

SHANGHAI, Jul. 14 (SMM) – The Bank of UK is expected to lower interest rate by 25 basis points today. LME zinc is expected to fluctuate between USD 2,150-2,200/mt today. SHFE 1609 zinc should fall to RMB 16,800-17,000/mt today, and spot #0 zinc prices will trade RMB 80-40/mt below SHFE 1609 zinc.

SHFE zinc prices

LME zinc prices

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Ferrous metals surged today with rebar and hot-rolled coil rising over 2%. Iron ore rose by daily limit.

Feb 10, 2017 19:26

SMM Comments

SHFE 1703 Zinc Closes with Gains (2017-2-10)

LME Zinc to Remain Range-Bound (2017-2-8)

EIA short-term energy outlook report will be released today.

Feb 8, 2017 09:23

SMM Comments

LME Zinc to Remain Range-Bound (2017-2-8)

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Feb 7, 2017 09:16

SMM Comments

LME Zinc to Remain Range-Bound (2017-2-7)

LME Zinc to Remain Range-Bound (2017-2-6)

US January LMCI will be released today. The US dollar index will edge up further.

Feb 6, 2017 09:34

SMM Comments

LME Zinc to Remain Range-Bound (2017-2-6)

SHFE 1703 Zinc Closes with Declines (2017-2-3)

The People’s Bank of China (PBOC) raised reverse repurchase interest rate by 10 basis points today and also hiked SLF interest rate with those for overnight products up 35 basis points to 3.1%. This g

Feb 3, 2017 17:09

SMM Comments

SHFE 1703 Zinc Closes with Declines (2017-2-3)

SHFE 1703 Zinc Closes with Gains (2017-1-23)

SHFE 1703 zinc opened at RMB 22,305/mt today, and surged to RMB 22,900/mt, moving in RMB 80/mt range. SHFE 1703 zinc closed at RMB 22,815/mt, up RMB 460/mt or 2.06%.

Jan 23, 2017 19:27

SMM Comments

SHFE 1703 Zinc Closes with Gains (2017-1-23)

SHFE Zinc to Weaken (2016-8-2)

US core PCE Price Index in June is expected to remain flat at May’s.

Aug 2, 2016 09:20

SMM Comments

About 23% Chinese Investors Bullish toward Zinc, SMM Survey

SMM survey of 30 industry insiders finds that 50% are neutral, expecting LME zinc to fluctuate between USD 2,230-2,290/mt and SHFE 1609 zinc to fluctuate between RMB 17,200-17,600/mt.

Jul 26, 2016 10:14

SMM Comments

SHFE Zinc Prices Close with Declines (2016-7-6)

SHFE 1609 zinc opened at RMB 16,570/mt last evening, and closed at RMB 16,390/mt, down RMB 115/mt.

Jul 6, 2016 16:46

SMM Comments

SHFE Zinc Prices Close with Increases (2016-7-1)

SHFE 1609 zinc opened at RMB 16,445/mt last evening, and closed at RMB 16,395/mt, up RMB 30/mt.

Jul 1, 2016 19:05

SMM Comments

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SHFE Zinc to Fall Back (2016-7-14)

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