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Home / Metal News / SHFE Zinc Prices to Remain Range-Bound (2017-4-18)

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

Apr 18, 2017 09:46

Source: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.

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

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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 (2017-4-12)

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 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)

SHFE 1703 Zinc Closes with Gains (2017-1-16)

SHFE 1703 zinc opened at RMB 22,450/mt after opening today and then hovered around RMB 22,840/mt. In the afternoon, SHFE 1703 zinc closed at RMB 22,770/mt, up RMB 245/mt or 1.09%.

Jan 16, 2017 20:51

SMM Comments

SHFE 1703 Zinc Closes with Gains (2017-1-16)

SHFE 1702 Zinc Closes with Sharp Gains (2016-12-26)

SHFE 1702 zinc opened at RMB 20,760/mt and then fell to RMB 19,750/mt, dipping to RMB 19,670/mt and down by daily limit. In the afternoon, SHFE 1702 zinc rallied to RMB 19,88

Dec 26, 2016 18:23

SMM Comments

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

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