SHFE Zinc to Swing Widely (2017-9-12)_SMM | Shanghai Non ferrous Metals

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

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

Sep 12,2017 09:47

CST

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.

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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 timezone

CST

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Will Zinc Ore Shortages Remain the Driver of Zinc Price Gains in 2018? SMM Reports

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 timezone

CST

Industry News

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 timezone

CST

SMM Comments

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

Shanghai Spot Zinc Market before and after National Day Holiday, SMM Reports

Spot premiums on zinc in Shanghai fell rapidly in the latter half of this week as traders sold actively to generate cash before the upcoming Chinese National Day holiday.

Sep 29, 2017 15:37 timezone

CST

SMM Insight Industry News

Shanghai Spot Zinc Market before and after National Day Holiday, SMM Reports

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 timezone

CST

Industry News

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 timezone

CST

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 timezone

CST

SMM Comments

SHFE Zinc Price Surge Depresses Spot Trading in Shanghai, SMM Reports

Trading in Shanghai spot zinc market is sluggish today as SHFE zinc price rose rapidly, SMM reported.

Sep 26, 2017 14:05 timezone

CST

SMM Insight

SHFE Zinc Price Surge Depresses Spot Trading in Shanghai, SMM Reports

LME Zinc to See Range-Bound Trading (2017-9-25)

LME zinc is expected to move between USD 3,045-3,095/mt today.

Sep 25, 2017 09:36 timezone

CST

SMM Comments

LME Zinc to See Range-Bound Trading (2017-9-25)

What Cause Zinc Spot Premiums to Shrink Sharply in Tianjin? SMM Reports

Spot premiums on #0 zinc shrank sharply from 580-750 yuan per tonne early this week to 400-450 yuan per tonne over SHFE October zinc in Tianjin on September 22, SMM reported.

Sep 22, 2017 17:40 timezone

CST

SMM Insight

What Cause Zinc Spot Premiums to Shrink Sharply in Tianjin? SMM Reports

2.SMM Morning Comments (Nov 18): Most Base Metals Closed with Losses amid Weaker Market Risk Appetite

3.SMM Morning Comments (Nov 22): Base Metals Mostly Increased Despite Stronger Risk Aversion Sentiments

4.SMM Morning Comments (Nov 17): Base Metals Mostly Closed Lower amid Intensifying Expectations of Early Interest Rate Hikes

5.SMM Evening Comments (Nov 24): Shanghai Nonferrous Metals Mostly Closed with Gains amid Positive Macro Front

Shanghai Metals Market

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