SHFE Zinc Prices to Remain Range-Bound (2017-3-14)

Published: Mar 14, 2017 09:28 (GMT+8)
Base metals mostly stabilized overnight. LME zinc will rally to USD 2,720-2,780/mt today, and SHFE 1705 zinc should fluctuate between RMB 22,300-22,750/mt today, with spot prices RMB 80-40/mt below SH

SHANGHAI, Mar. 14 (SMM) – Base metals mostly stabilized overnight. LME zinc will rally to USD 2,720-2,780/mt today, and SHFE 1705 zinc should fluctuate between RMB 22,300-22,750/mt today, with spot prices RMB 80-40/mt below SHFE 1704 zinc. China’s industrial, consumption and investment data in February will be released today. 

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
SHFE zinc continued to decline in the night session, dragged down by LME trends [SMM zinc morning comment]
27 mins ago
SHFE zinc continued to decline in the night session, dragged down by LME trends [SMM zinc morning comment]
Read More
SHFE zinc continued to decline in the night session, dragged down by LME trends [SMM zinc morning comment]
SHFE zinc continued to decline in the night session, dragged down by LME trends [SMM zinc morning comment]
[SMM Zinc Morning Comment: SHFE Zinc Continues to Decline in Night Session, Dragged by LME Trends] Overnight, the most-traded SHFE zinc 2612 contract opened at 25,690 yuan/mt. After the open, SHFE zinc consolidated lower throughout the session, reaching a high of 25,765 yuan/mt in early trading and a low of 25,540 yuan/mt near mid-session. It eventually closed down at 25,580 yuan/mt, a decrease of 45 yuan/mt or 0.18%, with trading volume rising to 43,010 lots.
27 mins ago
US September CPI Exceeds Expectations, LME Zinc Center Continues to Shift Downward [SMM Zinc Morning Meeting Summary]
29 mins ago
US September CPI Exceeds Expectations, LME Zinc Center Continues to Shift Downward [SMM Zinc Morning Meeting Summary]
Read More
US September CPI Exceeds Expectations, LME Zinc Center Continues to Shift Downward [SMM Zinc Morning Meeting Summary]
US September CPI Exceeds Expectations, LME Zinc Center Continues to Shift Downward [SMM Zinc Morning Meeting Summary]
[SMM Zinc Morning Meeting Summary: US September CPI Exceeds Expectations, LME Zinc Center Continues to Shift Lower]: Overnight, LME zinc opened at $3,725/mt. After the open, LME zinc drifted higher, hitting an intraday high of $3,765.5/mt, then retreated from highs, and near the end of the session LME zinc dipped to $3,706.5/mt, ultimately closing down at $3,715.5/mt, down $1.5/mt, or 0.04%, with trading volume reduced to 11,184 lots...
29 mins ago
LME Zinc Inventory Surges to 144,100 MT, Driven by Singapore and Hong Kong Stocks
14 hours ago
LME Zinc Inventory Surges to 144,100 MT, Driven by Singapore and Hong Kong Stocks
Read More
LME Zinc Inventory Surges to 144,100 MT, Driven by Singapore and Hong Kong Stocks
LME Zinc Inventory Surges to 144,100 MT, Driven by Singapore and Hong Kong Stocks
[SMM Flash] As of October 13, LME zinc ingot inventory accumulated to 144,100 mt, with significant inventory growth for three consecutive days. The main growth came from Singapore (+17,150 mt), Hong Kong (+400 mt), and Port Klang (+75 mt), while Kaohsiung destocked 350 mt.
14 hours ago