SHFE Zinc Rises over 1%, Leading Gain among Base Metals (2017-11-13)

Published: Nov 13, 2017 17:24

Save

Today see a slight increase across the board at daytime closure. SHFE Zinc rises over 1%, leading gain among base metals.

SHANGHAI, Nov.13 (SMM)－Today see a slight increase across the board at daytime closure. SHFE Zinc rises over 1%, leading gain among base metals. SHFE Lead and Nickel rise nearly 1%. SHFE Tin, Copper, Aluminium all gain slightly. Ferrous metals differentiate. Hot-rolled coil leading gain with over 2% rise. Iron ore rises over 1%. RB steel rises nearly 1%. Coking coal slightly rises. Coke leading loss with 2% drop.

Nickel: Today SHFE Nickel loses a 196 million capital outflow. China’s M0-M2 money supply in October fails to reach anticipation and previous figure. In night SHFE Nickel is estimated to keep volatile at high level. There is little macroeconomic news in night.

Tin: Today see a universal rise for nonferrous metals. SHFE Tin keep volatile at high level since rise of last Friday. With upper pressure, the resistance is around 144,000 yuan per tonne.

Copper: Today SHFE Copper rises after drops, making up drop amount of last Friday. Generally speaking, copper price is estimated to keep volatile in the short term. There is little macroeconomic news in night.

Lead: SHFE Lead is stressed by 60-day moving average. With obvious upward resistance in night, SHFE Lead is expected to keep volatile within range.

Zinc: SHFE Zinc keeps stable today, basically standing above all moving averages. With difficulty in getting above 16,000 point, SHFE zinc may probably go weak if foreign market becomes weak in night.

Aluminium: Since there is little potential good news from policy, investing capital is seeking opportunities for escape. In the short term it is estimated to keep struggling at about 15,500 yuan per tonne, with more possibilities to go down in the middle term.

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

copper aluminium lead zinc tin nickel

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 to learn 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

Apr 10, 2026 21:56

Venezuela Passes Mining Bill to Attract Foreign and Private Investment, Easing US Restrictions

Venezuela's ruling party-controlled National Assembly on Thursday approved a mining bill expected to open the sector to private and overseas investment, after the US eased restrictions on the country to stimulate external capital investment in its struggling economy.The bill repealed the 1999 and 2015 mining regulations, allowing domestic, overseas, and state-owned and private companies or consortia to mine gold and "strategic minerals." The maximum term for concessions is 30 years, but can be extended by up to two 10-year periods.Under the bill, mineral resources remain state property, disputes can be resolved through arbitration, and a royalty tax of 13% of the total value of minerals is levie.

Apr 10, 2026 21:56

Apr 10, 2026 21:55

Copper Transforms from Weak to Top-Performing Metal, Driven by Supply Concerns and Economic Outlook

Nguyen Thu Lan at Commerzbank noted that copper, once among the weakest-performing metals under pressure from rising London Metal Exchange (LME) inventories and mixed supply side news, has now transformed into one of the best-performing metals.Potential inventory sell-offs and the restart of the Panama mine could suppress price gains in the short term, but the sharp decline in Chilean production suggests that once concerns about economic growth ease, supply worries could dominate, supporting copper prices higher over the longer term.Nguyen said: "Copper is one of the best-performing metals. On the one hand, this can be attributed to copper being viewed as a highly cyclical metal.

Apr 10, 2026 21:55

Apr 10, 2026 21:54

Argentina Passes Mining Bill in Glacier Regions, Sparking Environmental Concerns and Water Security Fears

Argentine lawmakers passed a government-backed reform bill aimed at promoting mining investment in glacier regions. Environmentalists and scientists said the move would weaken related protections and threaten water security.The lower house passed the reform bill with 137 votes in favor, 111 against, and 3 abstentions. The bill took effect immediately upon publication in the official gazette.The reform, driven by the libertarian government of Javier Milei, sparked controversy for allowing provinces to set their own protection standards for glaciers and periglacial areas. Critics said the shift could weaken protections for high-altitude glacial landscapes that serve as vital freshwater reserves.

Apr 10, 2026 21:54