Ferrous Metals Continue Soaring; Zinc Hits New High

Published: Aug 21, 2017 13:15 (GMT+8)

Save

Ferrous metals started this week with big gains, and non-ferrous metals also performed quite well.

SHANGHAI, Aug. 21 (SMM) – Ferrous metals started this week with big gains, and non-ferrous metals also performed quite well.

Chinese Regulators Likely to Take further Action to Cool Ferrous Metals Fever

As of closing time before lunchtime on Monday, iron ore futures prices gained 6.61%, and rebar futures prices gained 3.57%.

DCE Adjusts Margins for Coking Coal, Coke Futures Contracts, and Position Ceiling for Iron Ore Futures Contracts

All base metals on the SHFE ended with gains, except lead. SHFE nickel jumped over 4%. SHFE zinc hit new highs, up nearly 3% in morning session.

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

base metals prices ferrous metals 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 for 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

11 mins ago

[Live Stream] Macro and Infrastructure Outlook, Copper and Aluminum Market Analysis, Cost Reduction through Option-Embedded Trade, AI Computing Power, Copper Foil and Optical Fiber Prospects

11 mins ago

2 hours ago

Inventory at historical lows, spot premiums repeatedly hitting record highs [SMM South China copper cathode spot weekly review]

2 hours ago

[Memory chip shortage weighs on phones; Qualcomm guidance misses]

Qualcomm reported fiscal Q4 2026 revenue of $10.32 billion and adjusted EPS of $2.17, above consensus of $10.11 billion and $2.16. It guided next-quarter revenue to $10.4-11.2 billion (consensus $10.48 billion) and adjusted EPS of $2.15-2.35, below the $2.32 consensus at the midpoint. As memory chip shortages and rising costs prompt handset makers to cut output, phone chip revenue fell 26% to $5.14 billion, with total revenue down 8%. CEO Cristiano Amon said data center constraints stem from supply, not demand, with data center revenue seen reaching $5 billion in fiscal 2027. Automotive revenue rose 89% to about $2 billion and IoT revenue grew 4% to about $1.89 billion, beating estimates. Qualcomm shares fell 5%+ after hours.

2 hours ago