Zinc to Fluctuate at High Levels This Week, SMM Foresees

Published: May 22, 2017 17:29

Save

Zinc prices are expected to hover at high levels this week, SMM foresees.

SHANGHAI, May. 22(SMM) – Zinc prices are expected to hover at high levels this week, SMM foresees.

LME zinc may move in the range of $ 2,580-2,680 per tonne this week, SMM predicts. SHFE July zinc will move between 21,500-22,550 yuan per tonne.

China Zinc Concentrate TCs are Flat, SMM Reports

Restarts at some downstream producers in North China, continuously falling inventories in China’s major three markets and exit of some shorts will leave zinc at high levels, SMM zinc analyst explained.

Zinc Inventories Fall for 3 Months in a Row in China Major Markets, SMM Reports

Base metals will consolidate at current levels, SMM added.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

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 to learn 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

8 hours ago

Trading Logic for Zinc Fundamentals Amid the Middle East Conflict: Risk Identification and Opportunity Capture

[Zinc Fundamental Trading Logic Amid the Middle East Conflict: Risk Identification and Opportunity Capture] Global geopolitical conflicts have continued unabated, and news of the recent Middle East conflict has emerged frequently. What impact will this have on the zinc industry? This article provides an analysis from both fundamental and market perspectives:

8 hours ago

13 hours ago

Weak Macro Sentiment, SHFE Zinc Center Shifted Lower [SMM Zinc Futures Brief Commentary]

[Weaker Macro Sentiment, SHFE Zinc Center Shifted Lower]: The most-traded SHFE zinc 2604 contract opened at 24,460 yuan/mt. Early in the session, bulls reduced open interest, and SHFE zinc fluctuated downward to a low below 24,300 yuan/mt. As downward momentum proved insufficient, the SHFE zinc center moved higher. It closed down at 24,415 yuan/mt, down 5 yuan/mt, a decline of 0.02%. Trading volume fell to 105,000 lots, while open interest decreased by 5,934 lots to 74,747 lots.

13 hours ago

14 hours ago

Data: SHFE, DCE market movement (Mar 10)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 10 Mar , 2026

14 hours ago