SHFE Zinc Prices to Stay Range-Bound (2017-3-10)

Published: Mar 10, 2017 09:33 (GMT+8)

Save

LME zinc will fall to USD 2,670-2,720/mt today, and SHFE 1705 zinc should fluctuate between RMB 21,650-21,950/mt today。

SHANGHAI, Mar. 10 (SMM) – LME zinc will fall to USD 2,670-2,720/mt today, and SHFE 1705 zinc should fluctuate between RMB 21,650-21,950/mt today, with spot prices RMB 60-30/mt below SHFE 1704 zinc. US February non-farm report, unemployment rate and salar data will be released today.

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 communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

1 hour ago

Fundamentals mixed, SHFE zinc to move sideways [SMM zinc morning comment]

[SMM zinc morning comment] Overnight, the most-traded SHFE zinc 2611 contract opened at 26,505 yuan/mt. In early trading, SHFE zinc quickly dipped to 26,415 yuan/mt, then bulls added positions, pushing SHFE zinc up to a high of 26,660 yuan/mt. Subsequently, some bulls took profits and exited, causing SHFE zinc to pull back quickly below the daily average line. It closed down at 26,490 yuan/mt, down 10 yuan/mt, or 0.04%. Trading volume decreased to 59,620 lots, and open interest fell by 2,097 lots to 141,000 lots.

1 hour ago

US dollar index remains firm, LME zinc records a bearish candlestick with no upper shadow [SMM Morning Meeting Minutes]

[SMM Morning Meeting Summary: US Dollar Index Firm, LME Zinc Posts a Bearish Candlestick with No Upper Wick] Overnight, LME zinc opened at $3,897/mt, hitting a high of $3,897/mt right at the open. The price center then moved lower, dipping to $3,821/mt during the session. LME zinc subsequently consolidated and rebounded slightly, but pulled back again near the end of trading, ultimately closing down at $3,851/mt, a decrease of $42.5/mt or 1.09%. Trading volume increased to 15,753 lots, while open interest fell by 389 lots to 263,700 lots......

1 hour ago

15 hours ago

Nyrstar Launches Strategic Review of Budel Smelter; Operations Continue Normally

Nyrstar has launched a strategic review of its Budel zinc smelter in the Netherlands, citing elevated European energy costs, intense competition for zinc concentrate and historically low treatment charges. The company said Budel has been losing money, while the Dutch government’s decision not to include grid-cost relief for energy-intensive industries in its 2027 budget has added further pressure. The review is expected to conclude by the end of 2026, with operations continuing as normal during the process. Budel has an annual refined zinc capacity of 315,000 tonnes. The smelter was placed on care and maintenance in January 2024 due to high energy costs before restarting in May that year. The review outcome could become an important variable for European refined zinc supply.

15 hours ago