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Home / Metal News / Zinc to Consolidate at Highs (2016-11-21)

Zinc to Consolidate at Highs (2016-11-21)

Nov 21, 2016 09:29

Source:SMM

European Central Bank President Macro Draghi will speak today. The US dollar index is expected to rise further, weighing on zinc.

SHANGHAI, Nov. 21 (SMM) – European Central Bank President Macro Draghi will speak today. The US dollar index is expected to rise further, weighing on zinc.

LME zinc will move between USD 2,530 -2,590/mt today, and SHFE 1701 zinc should fluctuate between RMB 20,600-21,000/mt today, with spot premiums of RMB 70-90/mt against SHFE 1701 zinc.

LME Zinc prices

SHFE zinc prices

zinc prices

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Jul 31, 2017 09:36

SMM Comments

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SHFE 1709 zinc opened at RMB 23,040/mt today and then reached RMB 23,160/mt, but fell later on and strengthened to RMB 23,170/mt.

Jul 25, 2017 17:50

SMM Comments

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Zinc Spot Discounts Expand in Shanghai, Trade Slackens, SMM Reports

Spot discounts for regular #0 zinc expand 30 yuan per tonne in Shanghai market over August zinc on the Shanghai Futures Exchange (SHFE) on July 25.

Jul 25, 2017 13:45

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Jul 24, 2017 13:32

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Premiums on #0 zinc in Tianjin expanded from 50 to 200 yuan per tonne over Shanghai prices July 20, SMM noted. The price spread on Zijin #0 zinc between the two regions widened to 250 yuan per tonne.

Jul 20, 2017 18:27

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What Expands Zinc Price Spread Remarkably between Shanghai and Tianjin? SMM Reports

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SHFE 1709 zinc opened at RMB 22,955/mt today and then hovered around RMB 22,870/mt, and strengthened after dipping to RMB 22,790/mt.

Jul 19, 2017 17:42

SMM Comments

Weak Long Momentum to Constrain Zinc Price Gains, SMM Predicts

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Jan 6, 2017 20:42

SMM Insight Industry

Weak Long Momentum to Constrain Zinc Price Gains, SMM Predicts

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SMM Comments

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SHFE 1702 zinc rose to RMB 21,440/mt after opening and reached RMB 21,490/mt but then fell to RMB 21,260/mt.

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Zinc to Consolidate at Highs (2016-11-21)

SMM Events & Webinars

NET ZERO EUROPE - Solar & Energy Storage Summit

2nd Li-ion Battery Europe 2024

2024 Global Renewable Metal Industry Chain Summit