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

[Macro sentiment disturbance SHFE zinc plummeted]: The most-traded SHFE zinc 2603 contract opened at 25,625 yuan/mt, touched a high of 25,625 yuan/mt early in the session, then fell all the way, probing a low of 24,245 yuan/mt near the close, and finally settled at 24,515 yuan/mt, down 1,260 yuan/mt, a drop of 4.89%.

[Hyundai Motor Abandons Repurchase of Russian Plant] South Korean automaker Hyundai Motor announced on February 2 that, due to the ongoing Russia-Ukraine conflict, the company did not exercise its previous repurchase option for its car manufacturing plant in Russia. According to industry sources, Hyundai Motor continued negotiations with the Russian side until the repurchase option deadline on January 31, but ultimately decided not to repurchase the plant's production facilities. It is reported that, as talks between the US and Russia to end the Ukraine conflict have stalled, the persistent geopolitical uncertainty was considered by Hyundai Motor as the primary concern behind this decision.

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 02 Feb , 2026