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Home / Metal News / SHFE Zinc to Stay Range-Bound (2017-6-19)

SHFE Zinc to Stay Range-Bound (2017-6-19)

Jun 19, 2017 09:37

The pound will stabilize today with uncertainties over Brexit.

SHANGHAI, Jun. 19 (SMM) – The pound will stabilize today with uncertainties over Brexit. LME zinc is expected to move between USD 2,510-2,540/mt today. SHFE 1708 zinc is expected to fluctuate between RMB 20,950-21,270/mt, with spot prices RMB 600-900/mt above SHFE 1707 zinc.

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 exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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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

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EIA crude oil inventories for the US in the week ending April 21 will be released this evening, which are expected to fall further and boost oil prices.

Apr 26, 2017 09:43

SMM Comments

SHFE 1705 Zinc Closes with Losses (2017-4-11)

SHFE 1705 zinc opened at RMB 21,680/mt today, and then fell to RMB 21,590/mt as shorts increased positions. In the afternoon, SHFE 1705 zinc edged down to RMB 21,320/mt and closed at RMB 21,325/mt, do

Apr 11, 2017 17:40

SMM Comments

SHFE 1705 Zinc Closes with Losses (2017-4-11)

SHFE Zinc Prices to Remain Range-Bound (2017-4-11)

LME zinc pointed toward USD 2,600/mt overnight.

Apr 11, 2017 09:25

SMM Comments

SHFE Zinc Prices to Remain Range-Bound (2017-4-11)

SHFE Zinc Prices to Inch Lower (2017-4-10)

LME zinc may dip to USD 2,644/mt today, moving between USD 2,650-2,700/mt.

Apr 10, 2017 09:56

SMM Comments

SHFE Zinc Prices to Inch Lower (2017-4-10)

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US March non-farm employment data due for release today are not promising, and this may constrain the US dollar and support base metals.

Apr 7, 2017 09:38

SMM Comments

SHFE Zinc Prices to Meet Pressure (2017-4-7)

SHFE Zinc Prices to Stay Range-Bound (2017-3-17)

LME zinc will move between USD 2,800-2,850/mt today, and SHFE 1705 zinc should fluctuate between RMB 22,900-23,400/mt today, with spot prices RMB 80-50/mt below SHFE 1704 zinc.

Mar 17, 2017 09:29

SMM Comments

SHFE Zinc Prices to Remain Range-Bound (2017-3-16)

LME zinc will move between USD 2,770-2,830/mt today, and SHFE 1705 zinc should fluctuate between RMB 22,750-23,250/mt today.

Mar 16, 2017 09:39

SMM Comments

SHFE Zinc Prices to Remain Range-Bound (2017-3-16)

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Caixin’s November service PMI for China and ISM’s November non-manufacturing PMI for the US will be released today, with the former promising.

Dec 5, 2016 09:16

SMM Comments

Where Will Zinc Prices Head in Medium Term? SMM Reports

SHFE zinc staged a 2-day winning streak after wild fluctuation, with spot zinc in Shanghai up over 600 yuan per tonne November 21.

Nov 22, 2016 10:47

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SHFE Zinc to Stay Range-Bound (2017-6-19)

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