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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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China’s output of ten nonferrous metals increased 7.2% year-on-year to 27.60 million tonnes in the first half of 2017, with growth up 7.1 percentage points year-on-year, according to National Developm

Jul 31, 2017 11:21

Industry

China 10 Nonferrous Metals Output Rises 7.2% in H1 2017

SHFE 1709 Zinc Closes Higher (2017-7-25)

SHFE 1709 zinc opened at RMB 23,040/mt today and then reached RMB 23,160/mt, but fell later on and strengthened to RMB 23,170/mt.

Jul 25, 2017 17:50

SMM Comments

SHFE 1709 Zinc Closes Higher (2017-7-25)

Zinc Spot Discounts Expand in Shanghai, Trade Slackens, SMM Reports

Spot discounts for regular #0 zinc expand 30 yuan per tonne in Shanghai market over August zinc on the Shanghai Futures Exchange (SHFE) on July 25.

Jul 25, 2017 13:45

SMM Insight Industry

Zinc Spot Discounts Expand in Shanghai, Trade Slackens, SMM Reports

China Zinc Concentrate TCs Left Untouched, SMM Reports

TCs of domestic zinc concentrate (50%) were mainly traded at 3,900-4,400 yuan per tonne (zinc content) last week, almost unchanged on a weekly basis, according to SMM data.

Jul 24, 2017 13:32

SMM Insight Industry

China Zinc Concentrate TCs Left Untouched, SMM Reports

What Expands Zinc Price Spread Remarkably between Shanghai and Tianjin? SMM Reports

Premiums on #0 zinc in Tianjin expanded from 50 to 200 yuan per tonne over Shanghai prices July 20, SMM noted. The price spread on Zijin #0 zinc between the two regions widened to 250 yuan per tonne.

Jul 20, 2017 18:27

SMM Insight Industry

What Expands Zinc Price Spread Remarkably between Shanghai and Tianjin? SMM Reports

SHFE 1709 Zinc Closes Lower (2017-7-19)

SHFE 1709 zinc opened at RMB 22,955/mt today and then hovered around RMB 22,870/mt, and strengthened after dipping to RMB 22,790/mt.

Jul 19, 2017 17:42

SMM Comments

Weak Long Momentum to Constrain Zinc Price Gains, SMM Predicts

LME Zinc is expected to move between $2,550-2,650 per tonne next week, SMM predicts.

Jan 6, 2017 20:42

SMM Insight Industry

Weak Long Momentum to Constrain Zinc Price Gains, SMM Predicts

SHFE Zinc to Remain Range-Bound (2016-12-22)

US PCE in November, Q3 GDP and durable goods orders due for release today are expected to be mixed.

Dec 22, 2016 09:16

SMM Comments

SHFE 1702 Zinc Closes with Gains (2016-12-21)

SHFE 1702 zinc rose to RMB 21,440/mt after opening and reached RMB 21,490/mt but then fell to RMB 21,260/mt.

Dec 21, 2016 17:12

SMM Comments

SHFE 1702 Zinc Closes with Gains (2016-12-21)

SHFE 1702 Zinc Closes with Losses (2016-12-20)

SHFE 1702 zinc hovered around RMB 21,100/mt after opening.

Dec 20, 2016 17:49

SMM Comments

SHFE 1702 Zinc Closes with Losses (2016-12-20)

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

SMM Events & Webinars

NET ZERO EUROPE - Solar & Energy Storage Summit

2nd Li-ion Battery Europe 2024

2024 Global Renewable Metal Industry Chain Summit