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

Published: Apr 18, 2017 09:46

Save

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.

SHANGHAI, Apr. 18 (SMM) – 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.

LME zinc is expected to move between USD 2,600-2,650/mt today, and SHFE 1706 zinc should fluctuate between RMB 21,550-22,000/mt, with spot prices RMB 290-330/mt above SHFE 1706 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 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

15 mins ago

Xuzhou RITMAN Intelligent Technology Co., Ltd. looks forward to seeing you at the 2026 SMM Zinc Conference

15 mins ago

44 mins ago

Resumption of Work Drives Recovery, Galvanising Operating Rates Rise [SMM Galvanising Weekly Review]

[Resumption recovery, operating rates of galvanising producers rise]: This week's operating rate of galvanising producers was 54.56%, up 3.03 percentage points WoW. Raw material side, zinc prices rebounded this week. Downstream players primarily stayed on the sidelines, mainly picking up previously priced zinc ingots, while zinc ingot inventories at galvanising enterprises edged up. The operating rate rebound was mainly because some galvanising plants were closed for the Dragon Boat Festival last week, causing a sharp decline in operations, while this week they all resumed normal production, pushing the rate back up.

44 mins ago

45 mins ago

Tianjin Premiums Rise on Contract Rollover [SMM Tianjin Spot Zinc Weekly Review]

[Tianjin Premiums Rise on Contract Rollover]: Spot premiums in Tianjin rose this week, up 10 yuan/mt WoW. As of this Friday, mainstream Chinese brands were reported at a discount of 30-100 yuan/mt against the 2608 contract, high-end brands were at discounts near flat, and Tianjin market was at a discount of about 35 yuan/mt against Shanghai.

45 mins ago