Surging SHFE Zinc Prevents Downstream Producers Hoarding Stocks, SMM Reports

Published: Aug 3, 2017 13:18

Save

Spot trading muted across Shanghai, Tianjin and Guangdong today after SHFE zinc prices surged, SMM reports.

SHANGHAI, Aug. 3 (SMM) - Spot trading muted across Shanghai, Tianjin and Guangdong today after SHFE zinc prices surged, SMM reports.

China Environmental Protection Greatly Impacts Zinc Downstream Industry in July, SMM Reports

September zinc on the Shanghai Futures Exchange (SHFE) soared to as high as 23,590 yuan per tonne after opening today. As a result, downstream producers refrained from building stocks, SMM said.

Here’s Why Price Spread Narrows Sharply between Imported and Domestic Zinc, SMM Reports

#0 zinc traded mainly in 23,520-23,580 yuan per tonne range in Shanghai on August 3. #0 zinc prices in Guangdong were 23,600-23,650 yuan per tonne and 23,780-24,700 yuan per tonne in Tianjin, according to SMM.

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

zinc prices zinc SHFE zinc price

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

13 hours ago

SHFE Zinc Center Continued to Move Lower Today, with Focus on Interest Rate Decisions Outside China and China’s Social Inventory [SMM Brief Commentary on Zinc Futures]

[SHFE Zinc Continued to Decline Today, with Focus on Overseas Rate Decisions and China Social Inventory] The most-traded SHFE zinc 2605 contract opened at 23,470 yuan/mt. After the opening, bulls and bears engaged in fierce competition, and SHFE zinc fluctuated rangebound below the daily average line. During the session, SHFE zinc touched a high of 23,475 yuan/mt and a low of 23,260 yuan/mt, and finally closed down at 23,345 yuan/mt, down 110 yuan/mt, or 0.47%. Trading volume increased to 55,115 lots, and open interest increased by 3,955 lots to 95,164 lots.....

13 hours ago

14 hours ago

Data: SHFE, DCE market movement (Mar 18)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 18 Mar , 2026

14 hours ago

21 hours ago

LME Drove SHFE Lower, SHFE Zinc Declined [SMM Zinc Morning Comment]

[SMM Zinc Morning Comment] Overnight, the most-traded SHFE zinc 2605 contract opened at 23,680 yuan/mt. In early trading, SHFE zinc briefly rose to a high of 23,685 yuan/mt, after which bears added to their positions and SHFE zinc fluctuated downward all the way, hitting a low of 23,440 yuan/mt near the close. It finally closed down at 23,455 yuan/mt, down 275 yuan/mt, or 1.16%. Trading volume fell to 39,416 lots, and open interest increased by 10,738 lots to 91,209 lots.

21 hours ago