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Home / Metal News / Will Zinc Frenzy Ease after SHFE Price-Control? SMM Reports

Will Zinc Frenzy Ease after SHFE Price-Control? SMM Reports

Aug 22, 2017 17:30

Source:SMM

Fundamentals in zinc market remain unchanged at present. When combined with strong bullishness, zinc prices will remain high in the near term, SMM said.

SHANGHAI, Aug. 22 (SMM) – Fundamentals in zinc market remain unchanged at present. When combined with strong bullishness, zinc prices will remain high in the near term, SMM said.

China to Delete Some Metals from Scrap Import Embargo List

But the SHFE released restrictions on zinc contract positions. At the meantime, inflows of imported zinc are expected after the import profit window reopens. This will impact domestic spot market.

SHFE Releases Restrictions on Zinc Contract Transaction

In this scenario, investors should be wary of technical fallbacks after longs leave the market after profit-taking, SMM warns.

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

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Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

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Nov 23, 2021 10:15

SMM Insight SMM Comments

Supply-Demand of Zinc Ingots to Return to a Tight Balance in December amid Maintenance at Smelters

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An inflow of imported zinc is likely to weigh on domestic prices following the arbitrage window opened in May.

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SMM Insight

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Sep 26, 2017 15:51

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China Refined Zinc Imports Surge in August, and Exports Fall

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Sep 26, 2017 15:39

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Will Zinc Frenzy Ease after SHFE Price-Control? SMM Reports

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