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Home / Metal News / Where is Zinc Contango Going? SMM Analysis

Where is Zinc Contango Going? SMM Analysis

Jun 23, 2017 12:01

Source:SMM

LME zinc has outshined other nonferrous metals recently due to well-behaved fundamentals. Falling visible and invisible zinc inventories have given a boost to LME zinc prices.

SHANGHAI, Jun. 23 (SMM) - LME zinc has outshined other nonferrous metals recently due to well-behaved fundamentals. Falling visible and invisible zinc inventories have given a boost to LME zinc prices.

LME zinc inventories decreased 124,000 tonnes from the beginning of 2017 as of June 22, SMM understands.

WBMS: World Zinc Market in Severe Deficit in January-April despite More Output

In this scenario, zinc contango on the LME will narrow or convert to backwardation in the near term, SMM predicts. LME zinc contango has shrank from $25 in early April to $10 per tonne.

LME Zinc Outshines Other Nonferrous Metals - Here’s Why, SMM Reports

As to China market, SHFE zinc prices should stay firm in the near term, helped by supply tightness and low inventories.

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

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For queries, please contact William Gu at williamgu@smm.cn

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Total zinc inventories across seven Chinese markets stood at 128,700 mt as of November 19, down 2,600 mt from November 12 and 6,500 mt from November 15.

Nov 19, 2021 14:03

Analysis

Zinc Social Inventories Down 2,600 mt on Week

Copper Concentrate TCs Inched Lower

As of Friday October 29, the SMM Imported Copper Concentrate Index stood at $62.84/mt, $1.44/mt lower than a week earlier.

Nov 1, 2021 14:16

Analysis

Zinc Social Inventories Up 8,100 mt over the Weekend

Total zinc inventories across seven Chinese markets stood at 147,200 mt as of October 18, up 8,100 mt from Friday October 15 and 10,600 mt from last Monday October 11.

Oct 18, 2021 14:34

Analysis

Zinc Social Inventories Up 8,100 mt over the Weekend

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Industry SMM Insight

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Oct 30, 2017 16:41

SMM Insight Industry

Will Zinc Ore Shortages Remain the Driver of Zinc Price Gains in 2018? SMM Reports

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Imported Zinc Prices Catch up with Domestic Zinc on Supply Shortfalls, Discounts Expand in Guangdong, SMM Reports

Prices for SMC imported zinc rose close to domestic #0 zinc prices at one point today due to supply tightness, SMM reports.

Aug 10, 2017 16:15

SMM Insight Industry

Imported Zinc Prices Catch up with Domestic Zinc on Supply Shortfalls, Discounts Expand in Guangdong, SMM Reports

Zinc Price to Hold Strong Reaping Fundamental Benefits, SMM Foresees

Zinc prices will fluctuate at highs this week since fundamentals will continue to underpin zinc prices, SMM foresees.

Aug 7, 2017 13:41

SMM Insight Industry

Zinc Price to Hold Strong Reaping Fundamental Benefits, SMM Foresees

China Zinc Concentrate Imports to Fall in August after Stabilizing for 2 Months, SMM Reports

China’s zinc concentrate imports will fall to 190,000-200,000 tonnes in August after stabilizing through July and July, SMM expects.

Jul 26, 2017 11:14

SMM Insight Industry

China Zinc Concentrate Imports to Fall in August after Stabilizing for 2 Months, SMM Reports

Zinc Inventories at China Zinc Smelters to Grow in July, SMM Says

Zinc inventories at Chinese zinc smelters will increase 1 day of production in July, SMM foresees.

Jul 26, 2017 10:33

SMM Insight Industry

Zinc Inventories at China Zinc Smelters to Grow in July, SMM Says

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Where is Zinc Contango Going? SMM Analysis

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