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Home / Metal News / Zinc to Stay Range-Bound (2017-4-27)

Zinc to Stay Range-Bound (2017-4-27)

Apr 27, 2017 09:10

Source:SMM

Eurozone April economic climate index and European Central Bank interest decision will be announced today.

SHANGHAI, Apr. 27 (SMM) – Eurozone April economic climate index and European Central Bank interest decision will be announced today. The data are promising. US seasonally adjusted pending home sales in March are expected to be downbeat. LME zinc will move between USD 2,600-2,650/mt today. SHFE 1706 zinc should fluctuate between RMB 21,620-21,910/mt, with spot prices RMB 320-370/mt above SHFE 1706 zinc.

LME Zinc prices

SHFE zinc prices

zinc prices

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After SHFE zinc prices rose, traders mostly took a wait-and-see attitude in the spot market, SMM reported.

Aug 30, 2017 18:18

Industry

Rising SHFE Zinc Distress Trading in Shanghai, SMM Reports

SHFE 1710 Zinc Closes with Declines (2017-8-10)

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 Closed with Gains (2017-4-27)

SHFE 1706 zinc opened at RMB 21,730/mt today and then edged down to RMB 21,680/mt.

Apr 27, 2017 19:46

SMM Comments

Zinc Price to Rebound Next Week, SMM Predicts

Zinc prices are expected to rebound in the coming week, SMM foresees.

Mar 17, 2017 18:46

SMM Insight Industry Reminder

Macquarie Hikes Forecast for Base Metals in 2017 and 2018

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Macquarie Hikes Forecast for Base Metals in 2017 and 2018

SHFE Zinc to Fluctuate in Narrow Range (2016-12-19)

Base metals weakened last Friday. LME zinc will hover between USD 2,730-2,790/mt today, and SHFE 1702 zinc should fluctuate between RMB 22,300-22,800/mt today, with spot discounts of RMB 50-20/mt agai

Dec 19, 2016 09:31

SMM Comments

SHFE Zinc to Fluctuate in Narrow Range (2016-12-19)

Main sea freight index at Baltic Exchange falls further to 1,069 points

The main sea freight index at Baltic Exchange for ships carrying dry bulk commodities fell further to 1,069 points on Monday mainly due to weak cape and panamax indices.

Dec 13, 2016 17:10

Industry

SHFE 1702 Zinc Closes with Declines (2016-12-12)

SHFE 1702 zinc pulled up to RMB 22,860/mt after opening and reached RMB 22,985/mt due to rising rebar and yuan’s devaluation.

Dec 12, 2016 18:58

SMM Comments

China Zinc Concentrate TCs Continue Falling, SMM Reports

TCs of domestic zinc concentrate (50%) were traded at 3,700-4,200 yuan per tonne (zinc content) this past week, according to SMM data.

Dec 9, 2016 19:59

SMM Insight Industry

China Zinc Concentrate TCs Continue Falling, SMM Reports

SHFE Zinc to Remain Range-Bound (2016-12-8)

Eruopean Central Bank will announce its interest rate decision at its policy meeting this evening.

Dec 8, 2016 09:28

SMM Comments

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Zinc to Stay Range-Bound (2017-4-27)

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