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Home / Metal News / Today Zinc Price Forecast (2017-11-17)

Today Zinc Price Forecast (2017-11-17)

Nov 17, 2017 10:12

Source:SMM

Without more good news, SHFE Zinc is estimated to move between 24,650-25,150 yuan per tonne.

SHANGHAI, Nov.17 (SMM)－LME Zinc moves extremely instable. Although the low LME inventory during past ten years stimulates the bulls, with bearish atmosphere, LME Zinc is estimated to move between $3,120-3,165 per tonne. Today need to focus on US building license and housing start rate. SHFE Zinc moves weak, failing to stand above 15,000 yuan. Without more good news, SHFE Zinc is estimated to move between 24,650-25,150 yuan per tonne. Premium of 0#Spot Zinc again December is estimated to keep 240-320 yuan.

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On the one hand, Teck Resources has signed an annual zinc concentrate contract with a 45% increase in TCs to $230/dmt. An escalation clause was included: if the prices of zinc exceed $3,800/mt, TCs will rise by $0.05/mt for every $1/mt increase in the prices of LME zinc, but if the zinc prices fall, TCs will remain unchanged (the same as the 20%/80% price sharing scheme in China).

Apr 11, 2022 15:09

Analysis

A Short Squeeze May Occur Overseas Followed by the Domestic Market

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Total zinc ingots inventories across seven major markets in China stood at 278,000 mt as of April 8, up 5,200 mt from April 1, down 300 mt from March 6. Domestic inventories increased.

Apr 8, 2022 16:45

SMM Insight

SMM China Zinc Inventory in Major Markets Rose 5,200 mt on Week

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According to SMM survey, the conversion margins of aluminium billet have been standing high for a long period.

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SMM Insight

SMM: Supply & Demand Analysis and Forecast of Aluminium Billet

US FOMC Meeting and the Performance of Post-Holiday Stocks This Week Remain as the Market Focus

Market focus this week include: the annualised reading of new housing starts in the United States in August, the initial value of the manufacturing PMI in the Eurozone in September, and the initial value of the Markit manufacturing PMI in the United States in September; China's one-year loan market quotation interest rate as of September 22. In terms of events, FOMC will announced the interest rate resolutions this Thursday; the Fed Chairman Powell will hold a press conference; and the European Central Bank will announces an economic bulletin.

Sep 22, 2021 10:39

SMM Insight

US FOMC Meeting and the Performance of Post-Holiday Stocks This Week Remain as the Market Focus

Increased zinc imports weigh on spot offers

Traders continued to lower offers in China’s spot zinc market on Thursday May 10 as supply of imported zinc increased, SMM learned.

May 10, 2018 15:05

SMM Comments

Increased zinc imports weigh on spot offers

China's spot zinc offers dip amid quiet trading

In China's spot zinc market on Wednesday May 9, smelters continued to lower offers after thinner transactions from the previous day

May 9, 2018 15:57

SMM Comments

China's spot zinc offers dip amid quiet trading

SHFE zinc plunges amid pessimistic sentiment

SHFE zinc tumbled during the day and touched a low at 23,605 yuan/mt on Thursday April 12 despite better fundamentals since the start of this month.

Apr 12, 2018 15:43

SMM Comments SMM Insight

SHFE zinc plunges amid pessimistic sentiment

SMM Evening Comments (Apr 10)

SMM Evening Comments

Apr 10, 2018 18:04

SMM Comments

SMM Evening Comments (Mar 15)

SMM Evening Comments

Mar 15, 2018 17:50

SMM Comments

Snapshot: Zinc spot market in Shanghai

Trading remained flat in the Shanghai zinc spot market today as sellers were unwilling to releases cargoes after zinc prices fell.

Mar 15, 2018 13:26

Analysis

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Today Zinc Price Forecast (2017-11-17)

SMM Events & Webinars

NET ZERO MEA - Solar & Energy Storage

2025 SMM (20th) Lead & Zinc Conference and Industry Expo

CLNB 2025 (10th) China International New Energy Industry Expo