SHANGHAI, Jun. 23 (SMM) – LME zinc will get support due to short squeeze, and is expected to move between USD 2,660-2,720/mt today. SHFE 1708 zinc is expected to fluctuate between RMB 21,900-22,330/mt, with spot prices RMB 350-450/mt above SHFE 1707 zinc.
SHFE Zinc to Lack upward Momentum (2017-6-23)
LME zinc will get support due to short squeeze, and is expected to move between USD 2,660-2,720/mt today.
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
Feb 6, 2026 16:42
Terminal Performance "Uneven," Zinc Oxide Chinese New Year Break Up YoY
Read More
Terminal Performance "Uneven," Zinc Oxide Chinese New Year Break Up YoY
Feb 6, 2026 16:42
Feb 6, 2026 16:38
Dual Pressures Force Die-Casting Zinc Alloy Firms to Lengthen Chinese New Year Holidays
Read More
Dual Pressures Force Die-Casting Zinc Alloy Firms to Lengthen Chinese New Year Holidays
Approaching the 2026 Chinese New Year, SMM conducted communication and research on the pre-holiday break arrangements of domestic die-casting zinc alloy enterprises. This survey covered 20 enterprises, with a total annual capacity of 829,000 mt, involving a zinc consumption scale during the holiday period of approximately 45,548 mt.
Feb 6, 2026 16:38
Feb 6, 2026 16:14
Data: SHFE, DCE market movement (Feb 06)
Read More
Data: SHFE, DCE market movement (Feb 06)
The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 06 Feb , 2026
Feb 6, 2026 16:14
Related News
Terminal Performance "Uneven," Zinc Oxide Chinese New Year Break Up YoY
Feb 06, 2026 16:42
Dual Pressures Force Die-Casting Zinc Alloy Firms to Lengthen Chinese New Year Holidays
Feb 06, 2026 16:38
Data: SHFE, DCE market movement (Feb 06)
Feb 06, 2026 16:14
Guangdong Premiums and Discounts Decline Significantly, Expected to Remain Under Pressure and Trend Lower Next Week [SMM Guangdong Spot Cargo Weekly Review]
Feb 06, 2026 16:03