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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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For queries, please contact William Gu at williamgu@smm.cn

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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).

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SMM Insight

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SMM Insight

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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

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SMM Evening Comments

Apr 10, 2018 18:04

SMM Comments

SMM Evening Comments (Mar 15)

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Mar 15, 2018 17:50

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Today Zinc Price Forecast (2017-11-17)

SMM Events & Webinars

2024 SMM Middle East Secondary Metal Field Trip

NET ZERO MEA - Solar & Energy Storage

2025 (20th) SMM Copper Industry Conference and Expo