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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)

Zinc Price to Fall This Week, SMM Predicts

Zinc prices are expected to inch down this week, SMM foresees.

Apr 17, 2017 10:23

SMM Insight Industry

Zinc Price to Fall This Week, SMM Predicts

SHFE Zinc Prices to Remain Range-Bound (2017-4-14)

The LME market was closed during April 14-15 due to the Easter Holiday.

Apr 14, 2017 09:29

SMM Comments

SHFE Zinc Prices to Remain Range-Bound (2017-4-14)

SHFE 1706 Zinc Closes with Gains (2017-4-13)

SHFE 1705 zinc opened at RMB 21,495/mt today. As longs entered the market, SHFE 1706 zinc edged up but met pressure from RMB 21,820/mt. In the afternoon, SHFE 1706 zinc rallied and closed at RMB 21,72

Apr 13, 2017 18:22

SMM Comments

Zinc Price to Rally This Week, SMM Predicts

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

Feb 24, 2017 19:12

SMM Insight Industry

Zinc Price to Rally This Week, SMM Predicts

SHFE 1704 Zinc Closes with Losses (2017-2-17)

SHFE 1704 zinc fluctuated around RMB 23,430/mt after opening today. In the afternoon, prices fell to RMB 23,135/mt and then rose to RMB 23,280/mt, and closed at RMB 23,280/mt, down RMB RMB 275/mt or 1

Feb 17, 2017 20:05

SMM Comments

SHFE 1704 Zinc Closes with Losses (2017-2-17)

LME Zinc to Stay Range-Bound (2017-2-17)

LME zinc will move between USD 2,840-2,890/mt today, and SHFE 1704 zinc should fluctuate between RMB 23,250-23,600/mt today, with spot prices RMB 120-100/mt below SHFE 1704 zinc.

Feb 17, 2017 09:40

SMM Comments

LME Zinc to Stay Range-Bound (2017-2-17)

SHFE 1703 Zinc Closes with Gains (2017-2-10)

Ferrous metals surged today with rebar and hot-rolled coil rising over 2%. Iron ore rose by daily limit.

Feb 10, 2017 19:26

SMM Comments

SHFE 1703 Zinc Closes with Gains (2017-2-10)

LME Zinc to Remain Range-Bound (2017-2-8)

EIA short-term energy outlook report will be released today.

Feb 8, 2017 09:23

SMM Comments

LME Zinc to Remain Range-Bound (2017-2-8)

SHFE 1703 Zinc Closes with Gains (2017-2-7)

SHFE 1703 zinc opened at RMB 22，430/mt today, and then dipped to RMB 22,525/mt. In the afternoon, SHFE 1703 zinc reached RMB 22,795/mt, and closed at RMB 22,675/mt, up RMB 60/mt or 0.27%.

Feb 7, 2017 17:31

SMM Comments

SHFE 1703 Zinc Closes with Gains (2017-2-7)

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

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