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Home / Metal News / SHFE Zinc to Stay Range-Bound (2016-12-29)

SHFE Zinc to Stay Range-Bound (2016-12-29)

Dec 29, 2016 09:39

Source:SMM

The number of US initial jobless claims for the week ending December 24 due for release today is expected to be lower.

SHANGHAI, Dec. 29 (SMM) – The number of US initial jobless claims for the week ending December 24 due for release today is expected to be lower. LME zinc will move between USD 2,550-2,600/mt, and SHFE 1703 zinc should fluctuate between RMB 20,700-21,000/mt today, with spot premiums of RMB 200-290mt against SHFE 1702 zinc.

LME Zinc prices

SHFE zinc prices

zinc prices

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SHFE 1801 nickel opened at RMB 87,010/mt today and then dipped to RMB 86,520/mt.

Aug 18, 2017 19:03

SMM Comments

SHFE 1801 Nickel Finishes Higher (2017-8-18)

SHFE 1709 Zinc Finishes Lower (2017-7-20)

SHFE 1709 zinc opened at RMB 22,685/mt today and then hovered around RMB 22,700/mt.

Jul 20, 2017 17:51

SMM Comments

SHFE 1709 Zinc Finishes Lower (2017-7-20)

Zinc Spot Premiums Shrink Sharply in Shanghai and Guangdong, SMM Reports

Spot premiums in Shanghai and Guangdong contracted noticeably on July 13 due to higher zinc futures prices on the Shanghai Futures Exchange (SHFE), SMM reported.

Jul 13, 2017 15:07

SMM Insight Industry

Zinc Spot Premiums Shrink Sharply in Shanghai and Guangdong, SMM Reports

SHFE 1709 Nickel Closes Higher (2017-6-23)

SHFE 1709 nickel opened at RMB 74,880/mt today.

Jun 23, 2017 21:31

SMM Comments

SHFE 1709 Nickel Closes Higher (2017-6-23)

Zinc Price to Fall This Week, SMM Predicts

Zinc prices are expected to inch down this week, SMM foresees.

Apr 17, 2017 10:23

SMM Insight Industry

Zinc Price to Fall This Week, SMM Predicts

SHFE 1706 Zinc Closes with Gains (2017-4-13)

SHFE 1705 zinc opened at RMB 21,495/mt today. As longs entered the market, SHFE 1706 zinc edged up but met pressure from RMB 21,820/mt. In the afternoon, SHFE 1706 zinc rallied and closed at RMB 21,72

Apr 13, 2017 18:22

SMM Comments

LME Zinc to Move at Highs (2017-1-13)

China’s December trade data are promising, bolstering base metals. US December PPI is expected to fall short of November’s.

Jan 13, 2017 09:54

SMM Comments

SHFE 1703 Zinc Closes with Big Gains (2017-1-10)

SHFE 1703 zinc hovered around RMB 22,090/mt after opening today and then rose to RMB 22,200/mt.

Jan 10, 2017 20:54

SMM Comments

SHFE 1703 Zinc Closes with Big Gains (2017-1-10)

SHFE Zinc to Remain Range-Bound (2016-12-23)

US November new home sales UK’s Q3 GDP will be released today, with US data promising.

Dec 23, 2016 09:26

SMM Comments

SHFE Zinc to Experience Corrections (2016-12-14)

US November retail sales, PPI and industrial output due for release this evening are expected to be mixed. The market will remain cautious before the Fed announces interest rate decision.

Dec 14, 2016 09:33

SMM Comments

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SHFE Zinc to Stay Range-Bound (2016-12-29)

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