LME Zinc to Have Strong Support (2017-7-3)

Published: Jul 3, 2017 09:18

Save

LME zinc rose further and still has upward momentum.

SHANGHAI, Jul. 3 (SMM) – LME zinc rose further and still has upward momentum. Markit’s final June manufacturing PMI for eurozone, eurozone unemployment in May and Markit’s final June manufacturing PMI for the US will be released today. LME zinc is expected to see cautious trading, with prices moving between USD 2,740-2,780/mt today. SHFE 1708 zinc is expected to fluctuate between RMB 22,600-22,800/mt, with spot prices RMB 50/mt below or RMB 150/mt above SHFE 1707 zinc. Caixin’s June manufacturing PMI for China will be released today.

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

9 hours ago

Data: SHFE, DCE market movement (Apr 01)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 01 Apr , 2026

9 hours ago

16 hours ago

Zinc Price Center Moved Higher, Focus on the Peak Consumption Season and Smelter Raw Material Supply [SMM Zinc Morning Comment]

[SMM Zinc Morning Comment] Overnight, SHFE zinc posted a bullish candlestick with no upper shadow, with support from the 5/10-day daily average below. Driven by the LME market overnight, zinc prices fluctuated upward, but on the fundamentals side, April production at China's domestic smelters is expected to increase by more than 10,000 mt MoM. At elevated zinc prices, downstream enterprises showed lower purchasing enthusiasm, inventory destocking slowed down, and weak domestic fundamentals are expected to limit its upside. Focus on......

16 hours ago

Macro and Fundamentals Resonated, LME Zinc Posted a Three-Day Winning Streak [SMM Morning Meeting Summary]

[SMM Morning Meeting Summary: Macro Factors and Fundamentals Resonated, and LME Zinc Logged a Three-Day Winning Streak] Overnight, LME zinc logged a three-day winning streak, with support from the 20-day moving average below and resistance from the 40/60-day moving averages above. Overnight, as geopolitical tensions in the Middle East may have de-escalated, the US dollar index moved lower, nonferrous metals rose, and LME zinc inventory continued destocking......

16 hours ago