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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

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

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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Spot premiums on #0 zinc shrank sharply from 580-750 yuan per tonne early this week to 400-450 yuan per tonne over SHFE October zinc in Tianjin on September 22, SMM reported.

Sep 22, 2017 17:40

SMM Insight

What Cause Zinc Spot Premiums to Shrink Sharply in Tianjin? SMM Reports

LME Zinc to Remain Weak (2017-9-22)

LME zinc is expected to move between USD 3,025-3,070/mt today.

Sep 22, 2017 09:18

SMM Comments

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LME zinc contango turned into a backwardation of USD 29.5/mt.

Sep 20, 2017 09:44

SMM Comments

LME Zinc to Face Downward Pressure (2017-9-20)

Zinc Spot Premiums Shrink Further in Shanghai, SMM Reports

Spot premiums for regular #0 zinc in Shanghai contracted 50 over August zinc on the Shanghai Futures Exchange (SHFE) on July 18, SMM reported.

Jul 18, 2017 14:47

SMM Insight Industry

Zinc Spot Premiums Shrink Further in Shanghai, SMM Reports

Chinese Zinc Mines Hold Zinc Concentrate TCs Firm despite Smelter Efforts, SMM Reports

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Jul 10, 2017 11:47

SMM Insight Industry

Chinese Zinc Mines Hold Zinc Concentrate TCs Firm despite Smelter Efforts, SMM Reports

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Jun 30, 2017 19:31

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BofA Merrill Lynch Updates Base Metals Price Forecast for 2017, 2018

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LME zinc will get support due to short squeeze, and is expected to move between USD 2,660-2,720/mt today.

Jun 23, 2017 09:22

SMM Comments

SHFE Zinc to Lack upward Momentum (2017-6-23)

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EIA crude oil inventories for the US in the week ending April 21 will be released this evening, which are expected to fall further and boost oil prices.

Apr 26, 2017 09:43

SMM Comments

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)

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

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NET ZERO CHINA Field Trip

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