SHFE 1706 Zinc to Fall (2017-5-4)

Published: May 04, 2017 17:46 (GMT+8)

Save

SHFE 1706 zinc opened at RMB 21,530/mt today.

SHANGHAI, May 4 (SMM) – SHFE 1706 zinc opened at RMB 21,530/mt today. In the afternoon, SHFE 1706 zinc edged down to an intraday low of RMB 21,135/mt with increasing shorts and falling ferrous metals and closed at RMB 21,895/mt, down RMB 645/mt or 2.93%.

Trading volumes on SHFE 1706 zinc increased 235,000 to 647,000 lots, and positions decreased 7,228 to 241,000. SHFE 1706 zinc is expected to fall this evening.

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

2 hours ago

Tianjin Zinc: Zinc Prices Consolidate at Highs, Downstream Purchasing Sentiment Low [SMM Midday Commentary]

[Tianjin Zinc: Zinc Prices Consolidate at Highs, Downstream Purchasing Sentiment Low] In the Tianjin market, mainstream transactions for #0 zinc ingot were at 26,520-26,740 yuan/mt, Zijin transactions were at 26,720-26,830 yuan/mt, #1 zinc ingot transactions were around 26,500-26,620 yuan/mt, Zijin was quoted at a premium of 30-130 yuan/mt against the 2610 contract, Huxin was quoted at 28,230 yuan/mt, #0 zinc ingot was quoted at a discount of 20-90 yuan/mt against the 2610 contract, and the Tianjin market was quoted at a discount of 50 yuan/mt against the Shanghai market.

2 hours ago

【Flash | IQE Expands Indium Phosphide (InP) Capacity as AI Datacenter Demand Accelerates】

IQE reported H1 2026 revenue of £64.6 million, up 43% YoY, while Photonics revenue rose 45% to £38.5 million, supported by US defence funding releases and continued growth in AI and datacenter markets. The company said strong InP demand is driving volume growth and that existing tooling will be converted in H2 to increase InP capacity for significant AI and datacenter demand. IQE expects FY2026 revenue growth above 30%. SMM views simultaneous growth in InP volumes and capacity as direct support for medium-term high-purity indium demand. However, IQE did not disclose InP shipment volumes or indium feedstock consumption, preventing a quantitative estimate.

2 hours ago

Shanghai Zinc: Futures Zinc Prices Consolidate, Spot Market Shows Mediocre Performance [SMM Midday Review]

[Shanghai Zinc: Futures Zinc Prices Consolidate, Spot Market Shows Mediocre Performance] Today, mainstream transaction prices for #0 zinc were concentrated at 26,675-26,800 yuan/mt, with no transactions for Shuangyan. Mainstream transaction prices for #1 zinc were at 26,605-26,730 yuan/mt. In early trading, the market quoted a premium of 70-90 yuan/mt against the SMM average price, with no quotes against futures yet...

2 hours ago