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Home / Metal News / SHFE Zinc to Swing Widely (2017-9-12)

SHFE Zinc to Swing Widely (2017-9-12)

Sep 12, 2017 09:47

Source:SMM

OPEC will release monthly crude oil market report today.

SHANGHAI, Sep. 12 (SMM) –OPEC will release monthly crude oil market report today. China will release August social financing and M2 money supply today. LME zinc will move at USD 3,070-3,110/mt, with resistance at 5-day and 20-day moving averages. The most active SHFE zinc will trade at RMB 24,820-25,250/mt, with fierce competition between longs and shorts. #0 zinc will trade at premiums of RMB 350-540/mt over SHFE 1810 zinc.

LME zinc prices

SHFE zinc prices

zinc prices

base metal price forecast

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Zinc prices maintained upward momentum in 2017, thanks to the fundamental story. LME zinc refreshed a 10-year high, and SHFE zinc jumped above 27,000 yuan per tonne, up over 20% so far this year.

Oct 30, 2017 16:41

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LME Base Metals Inventories (2017-10-11)

The table below shows inventories of base metals on the LME on October 11.

Oct 11, 2017 16:22

Industry

LME Base Metals Inventories (2017-10-11)

LME Zinc to Rise after Falling Initially (2017-10-11)

On Wednesday, LME zinc will fall at first, and then rise as a falling dollar will support zinc price, which may challenge USD 3,300/mt, with price range between USD 3,260-3,300/mt.

Oct 11, 2017 09:31

SMM Comments

LME Zinc to Rise after Falling Initially (2017-10-11)

Ferrous Metals Weaken, and Nonferrous Metals Keeps Range-bound Trading

On Thursday, prices of ferrous metals registered relatively big declines at Thursday’s daily closing hours, with coke leading the losses.

Sep 28, 2017 15:23

Industry

Ferrous Metals Weaken, and Nonferrous Metals Keeps Range-bound Trading

SHFE Tin to Hover at Highs (2017-9-27)

LME tin will find support at USD 20,400/mt and resistance at USD 20,900/mt today.

Sep 27, 2017 09:34

SMM Comments

LME Copper to Move at Lows (2017-9-27)

LME copper will range USD 6,380-6,470/mt today and test support at the 60-day moving average.

Sep 27, 2017 09:27

SMM Comments

LME Base Metals Inventories (2017-9-20)

The table below shows inventories of base metals on the LME on September 20.

Sep 20, 2017 16:36

Industry

SHFE Base Metals Warrants (2017-9-20)

The table below shows warrants of base metals on the SHFE on September 20.

Sep 20, 2017 15:55

Industry

LME Zinc to Face Downward Pressure (2017-9-20)

LME zinc contango turned into a backwardation of USD 29.5/mt.

Sep 20, 2017 09:44

SMM Comments

LME Zinc to Face Downward Pressure (2017-9-20)

SHFE Tin to See Limited Declines (2017-9-18)

LME tin will move at USD 20,500-20,700/mt today and continue testing support at USD 20,500/mt.

Sep 18, 2017 09:33

SMM Comments

SHFE Tin to See Limited Declines (2017-9-18)

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SHFE Zinc to Swing Widely (2017-9-12)

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