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Home / Metal News / SHFE Zinc to Remain Range-Bound (2016-8-29)

SHFE Zinc to Remain Range-Bound (2016-8-29)

Aug 29, 2016 09:26

Source:SMM

Market expectations that the Fed will raise rate in the near term increased, driving up the US dollar index.

SHANGHAI, Aug. 29 (SMM) – Market expectations that the Fed will raise rate in the near term increased, driving up the US dollar index. The LME market will be closed today due to the Summer Bank Holiday. Positions on SHFE zinc reached 650,000. SHFE 1610 zinc should fluctuate between RMB 17,900-18,100/mt today, and spot #0 zinc prices will trade RMB 70-100/mt above SHFE 1610 zinc.

SHFE zinc prices

LME zinc prices

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SHFE 1604 zinc contract prices opened at RMB 13,660/mt on Tuesday evening and closed at RMB 13,655/mt, down RMB 60/mt.

Feb 17, 2016 19:10

SMM Comments

Shanghai Zinc to Edge up (2016-2-2)

The market will lack solid macroeconomic news today.

Feb 2, 2016 10:13

SMM Comments

23% Chinese Investors Still Bullish toward Zinc, SMM Survey

SMM survey of over 30 industry insiders finds that 57% are neutral, expecting LME zinc to hover between USD 1,570-1,630/mt and SHFE 1604 zinc to fluctuate between RMB 12,900-13,300/mt.

Feb 2, 2016 09:27

SMM Comments

LME Zinc to Consolidate at Highs Next Week

LME zinc is expected to fluctuate at highs between $1,550-1,630 per tonne next week.

Jan 29, 2016 16:17

SMM Insight

Shanghai Zinc to Remain Relatively Firm (2016-1-18)

There will not be any significant macroeconomic news today.

Jan 18, 2016 10:08

SMM Comments

SHFE Zinc to Edge up (2015-12-29)

The LME market reopened today, with LME zinc expected to move between USD 1,535-1,565/mt. SHFE 1603 zinc will rise to RMB 12,900-13,100/mt today.

Dec 29, 2015 09:47

SMM Comments

SHFE Zinc to Remain Bullish (2015-12-28)

The LME market remains closed today.

Dec 28, 2015 09:42

SMM Comments

Shanghai Zinc to Hover around 20-Day Moving Average (2015-12-17)

The US dollar rose after Fed rate hike decision, weighing down base metals.

Dec 17, 2015 10:03

SMM Comments

SMM Zinc Market Morning Review (2015-11-2)

LME zinc prices opened at USD 1,703/mt last Friday, then dropped to RMB 1,690/mt, and dipped to a three-week low of USD 1,685/mt, and closed at USD 1,711/mt, up USD 6.5/mt.

Nov 2, 2015 10:23

SMM Comments

SMM Zinc Market Morning Review (2015-10-29)

LME zinc prices opened at USD 1,740.5/mt on Wednesday, then dropped to RMB 1,722/mt, but clawed back early losses as crude oil prices surged over 6%, and closed at USD 1,737/mt.

Oct 29, 2015 10:05

SMM Comments

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