Non-ferrous

Base Metals

Rare Earth

Scrap Metals

Minor Metals

Precious Metals

Ferrous Metals

Iron Ore Index Iron Ore Price Finished Steel Coke Coal Pig Iron Silicon Steel

New Energy

Solar Lithium Cobalt Ternary Precursor and Material Anode Materials Chemical Compound Lithium-ion Battery Used Lithium-ion Battery Sodium-ion Battery Hydrogen Energy Energy Storage

Dashboard DatabasePro Reports Events Car Insight

Home / Metal News / Premiums of LME Spot Stays High, Supporting Zinc Price

Premiums of LME Spot Stays High, Supporting Zinc Price

Oct 25, 2017 08:38

Source:SMM

This week LME Zinc inventories reduces from 2,825 tonnes to 266,145 tonnes, and current premiums of LME spot zinc keeps high level ($55-60 per tonne).

SHANGHAI, Oct. 25 (SMM)－This week LME Zinc inventories reduces from 2,825 tonnes to 266,145 tonnes, and current premiums of LME spot zinc keeps high level ($55-60 per tonne), which will support zinc price to some extent. SMM estimates in the short term premiums of LME spot will stay high and supports the zinc price.

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

premium

zinc

For queries, please contact Michael Jiang at michaeljiang@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Total zinc inventories across seven Chinese markets stood at 268,900 mt as of February 21, up 5,800 mt from Friday February 18, and 14,600 mt from Monday February 14.

Feb 21, 2022 13:40

Analysis

Zinc Social Inventories Up 5,800 mt over Weekend

SMM Evening Comments (Feb 17): Shanghai Nonferrous Metals Closed Mixed amid Uncertainties Haunting Russia-Ukraine Issue

Shanghai nonferrous metals closed mixed as uncertainties surrounding Russia-Ukraine issue were still the biggest concern of the market, which might impact the commodity market as well as the European economic development prospect.

Feb 17, 2022 19:00

SMM Comments

SMM Evening Comments (Feb 17): Shanghai Nonferrous Metals Closed Mixed amid Uncertainties Haunting Russia-Ukraine Issue

SMM Morning Comments (Feb 14): Base Metals Mostly Closed with Losses on Friday Night under High Inflation Pressures

Shanghai base metals mostly closed with losses in the overnight trading last Friday as the US inflation hit a nearly 40-year high. LME metals performed similarly.

Feb 14, 2022 10:07

SMM Comments

SMM Morning Comments (Feb 14): Base Metals Mostly Closed with Losses on Friday Night under High Inflation Pressures

SMM Morning Comments (Feb 10): Base Metals Closed with Gains as Market Awaits US CPI

Shanghai and LME metals all closed in the positive territory as the market awaits the US CPI, which is expected to record the fastest growth in 40 years.

Feb 10, 2022 10:00

SMM Comments

SMM Morning Comments (Feb 10): Base Metals Closed with Gains as Market Awaits US CPI

SMM Evening Comments (Jan 28): Shanghai Nonferrous Metals Closed Mixed in the Last Trading Day ahead of CNY

Shanghai nonferrous metals closed mixed in the last trading day ahead of the Chinese New Year. The market was basically in the holiday mood, while the better-than-expected US GDP reading for the past quarter aroused some discussions.

Jan 28, 2022 19:00

SMM Comments

SMM Evening Comments (Jan 28): Shanghai Nonferrous Metals Closed Mixed in the Last Trading Day ahead of CNY

SMM Morning Comments (Jan 25): SHFE Base Metals Fell across the Board Overnight, Nickel Slumped 6.88%

Shanghai base metals fell across the board overnight after the investors left the market with profits. LME metals performed similarly on Tuesday.

Jan 25, 2022 09:51

SMM Comments

SMM Morning Comments (Jan 25): SHFE Base Metals Fell across the Board Overnight, Nickel Slumped 6.88%

SMM Morning Comments (Jan 24): SHFE Base Metals Closed Mixed on Friday ahead of the US Fed Interest Meeting

Shanghai base metals closed mixed on Friday night ahead of the US Fed’s interest meeting. LME metals basically dropped in the trading on Friday.

Jan 24, 2022 09:54

SMM Comments

SMM Morning Comments (Jan 24): SHFE Base Metals Closed Mixed on Friday ahead of the US Fed Interest Meeting

SMM Evening Comments (Jan 19): Shanghai Nonferrous Metals Mostly Closed with Gains amid Rising Commodity Prices

Shanghai nonferrous metals mostly closed with gains amid rising commodity prices including crude oil. While the first press conference held by the People’s Bank of China in 2022 put forward the theme of “stability” with paramount importance.

Jan 19, 2022 19:00

SMM Comments

SMM Evening Comments (Jan 19): Shanghai Nonferrous Metals Mostly Closed with Gains amid Rising Commodity Prices

SMM Evening Comments (Dec 22): Shanghai Nonferrous Metals Mostly Closed with Gains amid Rising Oil Prices

Shanghai nonferrous metals mostly closed in the positive territory amid rising international crude prices after it is reported that API crude stock dropped 2.86 million mt barrels from the previous session.

Dec 22, 2021 19:00

SMM Comments

SMM Evening Comments (Dec 22): Shanghai Nonferrous Metals Mostly Closed with Gains amid Rising Oil Prices

SMM Morning Comments (Dec 6): Base Metals Closed Mixed amid Cautious Macro Sentiments

Shanghai base metals were trending mixed on Monday morning amid cautious macro sentiments. Meanwhile, their counterparts on LME performed similarly.

Dec 6, 2021 10:02

SMM Comments

SMM Morning Comments (Dec 6): Base Metals Closed Mixed amid Cautious Macro Sentiments

SMM Events & Webinars

All

Oct
09
- NET ZERO EUROPE - Solar & Energy Storage Summit
  Oct 09 - 10,2024
  THE EGG BRUSSELS, BELGIUM
Oct
08
- 2nd Li-ion Battery Europe 2024
  Oct 08 - 10,2024
  THE EGG BRUSSELS, BELGIUM
Jun
24
- 2024 Global Renewable Metal Industry Chain Summit
  Jun 24 - 25,2024
  To foster international cooperation and dialogue among industry colleagues
  Kuala Lumpur , Malaysia

Premiums of LME Spot Stays High, Supporting Zinc Price

SMM Events & Webinars

NET ZERO EUROPE - Solar & Energy Storage Summit

2nd Li-ion Battery Europe 2024

2024 Global Renewable Metal Industry Chain Summit