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Home / Metal News / LME Zinc to Remain Range-Bound (2017-2-6)

LME Zinc to Remain Range-Bound (2017-2-6)

Feb 6, 2017 09:34

Source:SMM

US January LMCI will be released today. The US dollar index will edge up further.

SHANGHAI, Feb. 6 (SMM) – US January LMCI will be released today. The US dollar index will edge up further. LME zinc will move between USD 2,780-2,840/mt today, and SHFE 1703 zinc should fluctuate between RMB 22,580-22,800/mt today, with spot prices moving RMB 0-40/mt above SHFE 1703 zinc.

LME Zinc prices

SHFE zinc prices

zinc prices

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SHFE 1710 zinc opened at RMB 24,420/mt today and then hovered around RMB 24,420/mt.

Aug 10, 2017 18:08

SMM Comments

SHFE 1710 Zinc Closes with Declines (2017-8-10)

SHFE 1706 Zinc Closes Lower (2017-4-19)

SHFE 1706 zinc opened at RMB 20,840/mt today and fell to RMB 20,760/mt.

Apr 19, 2017 17:29

SMM Comments

SHFE 1706 Zinc Closes Lower (2017-4-18)

SHFE 1706 zinc opened at RMB 21,675/mt today and dipped to RMB 21,480/mt, and then rallied to RMB 21,600/mt later.

Apr 18, 2017 17:25

SMM Comments

SHFE Zinc Prices to Remain Range-Bound (2017-4-18)

US housing starts in March fell short of both market expectations and February’s. US economic activities are expected to slow. This will weigh down the US dollar index and support LME zinc.

Apr 18, 2017 09:46

SMM Comments

SHFE Zinc Prices to Remain Range-Bound (2017-4-18)

SHFE Zinc Prices to Remain Range-Bound (2017-4-12)

LME zinc is expected to move between USD 2,540-2,595/mt today.

Apr 12, 2017 09:26

SMM Comments

SHFE Zinc Prices to Remain Range-Bound (2017-4-12)

SHFE 1705 Zinc Closes with Big Losses (2017-4-7)

SHFE 1705 zinc opened at RMB 22,495/mt today, and then edged up to RMB 22,670/mt, reaching RMB 22,805/mt. after absorption of Xiongan news and government announcement to forbid large scale of property

Apr 7, 2017 18:01

SMM Comments

SHFE 1705 Zinc Closes with Big Losses (2017-4-7)

SHFE 1705 Zinc Closes with Small Gains (2017-4-6)

SHFE 1705 zinc opened at RMB 22,960/mt today, and then edged up to RMB 23,170/mt with longs leaving the market, reaching RMB 23,170/mt. At the end of trading, SHFE 1705 zinc fell slightly and closed a

Apr 6, 2017 17:05

SMM Comments

SHFE 1705 Zinc Closes with Small Gains (2017-4-6)

SHFE Zinc Prices to Experience Corrections (2017-4-6)

LME zinc will consolidate between USD 2,760-2,800/mt today, and SHFE 1705 zinc should fluctuate between moving averages and find support from the 60-day moving average, hovering between RMB 22,850-23,

Apr 6, 2017 09:18

SMM Comments

SHFE Zinc Prices to Experience Corrections (2017-4-6)

SHFE Zinc Prices to Fall Sharply (2017-4-1)

Markit’s service and comprehensive PMIs for many countries due for release today are promising. EIA crude oil inventories for the week ending March 31 in the US are expected to fall. The result of the

Apr 5, 2017 09:32

SMM Comments

SHFE Zinc Prices to Fall Sharply (2017-4-1)

Zinc Prices to Consolidate at Current Level (2017-3-31)

China’s official manufacturing PMI in March and eurozone March CCI due for release today are expected to be mixed.

Mar 31, 2017 09:53

SMM Comments

Zinc Prices to Consolidate at Current Level (2017-3-31)

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LME Zinc to Remain Range-Bound (2017-2-6)

SMM Events & Webinars

2024 SMM Middle East Secondary Metal Field Trip

NET ZERO MEA - Solar & Energy Storage

2025 SMM (20th) Lead & Zinc Conference and Industry Expo