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Home / Metal News / LME Zinc to Receive a Boost (2017-5-2)

LME Zinc to Receive a Boost (2017-5-2)

May 2, 2017 09:37

Source:SMM

The Reserve Bank of Australia’s interest rate decision, eurozone manufacturing PMI and eurozone March unemployment rate due for release today are promising, and will boost LME zinc.

SHANGHAI, May 2 (SMM) – The Reserve Bank of Australia’s interest rate decision, eurozone manufacturing PMI and eurozone March unemployment rate due for release today are promising, and will boost LME zinc. LME zinc will move between USD 2,625-2,660/mt today. Zinc downstream demand is still soft. SHFE 1706 zinc should fluctuate between RMB 21,650-22,000/mt, with spot prices RMB 290-350/mt above SHFE 1706 zinc.

LME Zinc prices

SHFE zinc prices

zinc prices

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SHFE 1706 zinc opened at RMB 22,100/mt today and then edged up to RMB 22,565/mt.

May 2, 2017 17:02

SMM Comments

SHFE 1706 Zinc Sees Price Gains (2017-5-2)

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 (2017-4-18)

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.

Apr 18, 2017 09:46

SMM Comments

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

Operating Rate at Chinese Zinc Smelters Lower in March on Large Ones, SMM Survey

The average operating rate at Chinese zinc smelters was 69.4% in March, down 0.4 percentage point from February, according to an SMM survey. SMM adjusted capacity of survey sample to 6.19 million tonn

Apr 11, 2017 11:14

SMM Insight Industry Reminder

Operating Rate at Chinese Zinc Smelters Lower in March on Large Ones, SMM Survey

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 Zinc Takes a Nosedive but will Stay High in Short-to-Medium Term, SMM Reports

SHFE May zinc contract fell after opening and plunged at the end of trading, finishing 4% lower on Friday due to strong short momentum. Positions on SHFE zinc increased 29,000 tonnes.

Apr 7, 2017 17:54

SMM Insight Industry Reminder

SHFE Zinc Takes a Nosedive but will Stay High in Short-to-Medium Term, SMM Reports

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)

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LME Zinc to Receive a Boost (2017-5-2)

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