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Home / Metal News / LME Zinc to Remain Range-Bound (2017-7-31)

LME Zinc to Remain Range-Bound (2017-7-31)

Jul 31, 2017 09:36

Source:SMM

Eurozone CPI and unemployment rate will be released today.

SHANGHAI, Jul. 31 (SMM) – Eurozone CPI and unemployment rate will be released today. The euro will receive a boost if data are positive, which will in turn weigh down the US dollar index and support base metals, and vice versa. LME zinc is expected to move between USD 2,760-2,810/mt today. SHFE 1709 zinc is expected to fluctuate between RMB 22,900-23,230/mt, with spot prices RMB 40/mt below or RMB 120/mt above SHFE 1708 zinc. The market is cautious toward China’s manufacturing PMI due for release today.

LME Zinc prices

SHFE zinc prices

zinc prices

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SHFE 1706 zinc opened at RMB 22,100/mt today and then edged up to RMB 22,565/mt.

May 2, 2017 17:02

SMM Comments

SHFE 1706 Zinc Sees Price Gains (2017-5-2)

LME Zinc to Receive a Boost (2017-5-2)

The Reserve Bank of Australia’s interest rate decision, eurozone manufacturing PMI and eurozone March unemployment rate due for release today are promising, and will boost LME zinc.

May 2, 2017 09:37

SMM Comments

SHFE 1706 Zinc Closes Lower (2017-4-19)

SHFE 1706 zinc opened at RMB 20,840/mt today and fell to RMB 20,760/mt.

Apr 19, 2017 17:29

SMM Comments

SHFE 1706 Zinc Closes Lower (2017-4-18)

SHFE 1706 zinc opened at RMB 21,675/mt today and dipped to RMB 21,480/mt, and then rallied to RMB 21,600/mt later.

Apr 18, 2017 17:25

SMM Comments

SHFE Zinc Prices to Remain Range-Bound (2017-4-18)

US housing starts in March fell short of both market expectations and February’s. US economic activities are expected to slow. This will weigh down the US dollar index and support LME zinc.

Apr 18, 2017 09:46

SMM Comments

SHFE Zinc Prices to Remain Range-Bound (2017-4-18)

Operating Rate at Chinese Zinc Smelters Lower in March on Large Ones, SMM Survey

The average operating rate at Chinese zinc smelters was 69.4% in March, down 0.4 percentage point from February, according to an SMM survey. SMM adjusted capacity of survey sample to 6.19 million tonn

Apr 11, 2017 11:14

SMM Insight Industry Reminder

Operating Rate at Chinese Zinc Smelters Lower in March on Large Ones, SMM Survey

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SHFE 1705 zinc opened at RMB 22,495/mt today, and then edged up to RMB 22,670/mt, reaching RMB 22,805/mt. after absorption of Xiongan news and government announcement to forbid large scale of property

Apr 7, 2017 18:01

SMM Comments

SHFE 1705 Zinc Closes with Big Losses (2017-4-7)

SHFE Zinc Takes a Nosedive but will Stay High in Short-to-Medium Term, SMM Reports

SHFE May zinc contract fell after opening and plunged at the end of trading, finishing 4% lower on Friday due to strong short momentum. Positions on SHFE zinc increased 29,000 tonnes.

Apr 7, 2017 17:54

SMM Insight Industry Reminder

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SHFE 1705 zinc opened at RMB 22,960/mt today, and then edged up to RMB 23,170/mt with longs leaving the market, reaching RMB 23,170/mt. At the end of trading, SHFE 1705 zinc fell slightly and closed a

Apr 6, 2017 17:05

SMM Comments

SHFE 1705 Zinc Closes with Small Gains (2017-4-6)

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Markit’s service and comprehensive PMIs for many countries due for release today are promising. EIA crude oil inventories for the week ending March 31 in the US are expected to fall. The result of the

Apr 5, 2017 09:32

SMM Comments

SHFE Zinc Prices to Fall Sharply (2017-4-1)

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LME Zinc to Remain Range-Bound (2017-7-31)

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