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Home / Metal News / SHFE Zinc to Remain Weak (2016-12-26)

SHFE Zinc to Remain Weak (2016-12-26)

Dec 26, 2016 09:44

The LME market will be closed today, with few macroeconomic news released.

SHANGHAI, Dec. 26 (SMM) – The LME market will be closed today, with few macroeconomic news released. Base metals weakened last Friday. SHFE 1702 zinc should fluctuate between RMB 20,700-21,050/mt today, with spot premiums of RMB 120-300/mt against SHFE 1702 zinc.

LME Zinc prices

SHFE zinc prices

zinc prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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SHFE 1708 zinc opened at RMB 21,025/mt today and then hovered around RMB 20,950/mt. In the afternoon, SHFE 1708 zinc rose to RMB 21,230/mt and then fell, and closed at RMB 21,135/mt, up RMB 245/mt or

Jun 15, 2017 19:19

SMM Comments

SHFE 1708 Zinc Closes with Gains (2017-6-15)

Zinc Prices to Fluctuate in Narrow Range This Week, SMM Foresees

Zinc prices are expected to hover in a small range this week, SMM foresees.

May 2, 2017 13:37

SMM Insight Industry

Zinc Prices to Fluctuate in Narrow Range This Week, SMM Foresees

SHFE 1705 Zinc Closes with Losses (2017-4-11)

SHFE 1705 zinc opened at RMB 21,680/mt today, and then fell to RMB 21,590/mt as shorts increased positions. In the afternoon, SHFE 1705 zinc edged down to RMB 21,320/mt and closed at RMB 21,325/mt, do

Apr 11, 2017 17:40

SMM Comments

SHFE 1705 Zinc Closes with Losses (2017-4-11)

SHFE Zinc Prices to Remain Range-Bound (2017-4-11)

LME zinc pointed toward USD 2,600/mt overnight.

Apr 11, 2017 09:25

SMM Comments

SHFE Zinc Prices to Remain Range-Bound (2017-4-11)

SHFE Zinc Prices to Inch Lower (2017-4-10)

LME zinc may dip to USD 2,644/mt today, moving between USD 2,650-2,700/mt.

Apr 10, 2017 09:56

SMM Comments

SHFE Zinc Prices to Inch Lower (2017-4-10)

SHFE Zinc Prices to Meet Pressure (2017-4-7)

US March non-farm employment data due for release today are not promising, and this may constrain the US dollar and support base metals.

Apr 7, 2017 09:38

SMM Comments

SHFE Zinc Prices to Meet Pressure (2017-4-7)

SHFE Zinc Prices to Stay Range-Bound (2017-3-17)

LME zinc will move between USD 2,800-2,850/mt today, and SHFE 1705 zinc should fluctuate between RMB 22,900-23,400/mt today, with spot prices RMB 80-50/mt below SHFE 1704 zinc.

Mar 17, 2017 09:29

SMM Comments

SHFE Zinc Prices to Remain Range-Bound (2017-3-16)

LME zinc will move between USD 2,770-2,830/mt today, and SHFE 1705 zinc should fluctuate between RMB 22,750-23,250/mt today.

Mar 16, 2017 09:39

SMM Comments

SHFE Zinc Prices to Remain Range-Bound (2017-3-16)

SHFE Zinc to Remain Range-Bound (2016-12-6)

Eurozone final Q3 growth and US October durable goods orders will be released today.

Dec 6, 2016 09:29

SMM Comments

SHFE 1702 Zinc Closes with Losses (2016-12-1)

SHFE 1702 zinc rose to RMB 23,000/mt after opening and reached RMB 23,230/mt as China’s November official manufacturing PMI hit a 2-year high.

Dec 1, 2016 20:02

SMM Comments

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SHFE Zinc to Remain Weak (2016-12-26)

SMM Events & Webinars

2026 SMM (21th) Lead & Zinc Conference and Industry Expo

2026 (3rd) NET ZERO MEA - Solar & Energy Storage Summit

CLNB 2026 - The 11th New Energy Industry Chain Expo