Non-ferrous
Non-ferrous
Base Metals
Rare Earth
Scrap Metals
Minor Metals
Precious Metals
New Energy
Price CenterDatabaseProReportsEventsCar Insight
SMM Morning Review - 2010/1/7 Zinc Market
SHANGHAI, Jan. 7 (SMM) -- LME Market
|
|
Close
(USD/mt)
|
Premium/Discount
|
Volume
(lot)
|
Position
(lot)
|
Inventory
(mt)
|
|
3-mth Contract
|
Spot – 3 mth
|
||||
|
Dec. Average
|
2,413
|
-35
|
58,321
|
230,995
|
462,634
|
|
Jan. 6th
|
2,695
|
-32
|
64,472
|
229,337
|
489,600
|
SHFE Market
|
|
Zinc – Spot Month (RMB/mt)
|
RMB/USD
|
||
|
SHFE Close
|
Settlement
|
Weighted Ave.
|
||
|
Dec. 16th
|
18,390
|
18,370
|
18,371
|
1:6.8280
|
|
Jan. 6th
|
21,200
|
21,215
|
19,655
|
1:6.8277
|
|
|
Zinc – 3mth (RMB/mt)
|
Shanghai Spot
#0 Zinc Ingot
|
||
|
SHFE Close
|
Settlement
|
Weighted Ave.
|
||
|
Dec. 16th
|
18,700
|
18,680
|
18,684
|
18,100
|
|
Jan. 6th
|
21,570
|
21,590
|
19,417
|
21,075
|
Summary
On Wednesday, #0 zinc was traded at RMB 21,050-21,100/mt and #1 zinc was traded at RMB 21,000/mt in Shanghai market. Spot zinc prices stood at RMB 21,000/mt, and optimistic sentiment was strong in the market, and transactions made by traders and downstream consumers improved, but suppliers held different views on cargo movement currently.
As to futures market, SHFE zinc prices fluctuated at high levels yesterday, and SHFE three-month zinc contract closed at RMB 21,740/mt, up 1.1%, following SHFE copper and aluminum prices. SHFE three-month zinc contract received pressure at RMB 22,000/mt, but LME zinc prices soared by 4.7% supported by speculations of heavy snow in North China and supply shortages of electric power in some regions of China, while LME copper prices climbed by 2%, LME aluminum prices inched up by 3.1%, while LME lead prices advanced by 2.7%. In the mean time, LME zinc prices have break through USD 2,700/mt to USD 2,722/mt, a record high since March 2008.
Although the freezing weather and heavy snow in North China exerted negative impact on local producers to some extent, the upward momentum in zinc prices will remain strong in view of strong speculations. SMM predicts SHFE three-month zinc contract will move in the RMB 22,000-22,800/mt range today.
Copyright © SMM. All Rights Reserved
None of this material may be used for any commercial or public use in any forms or means, without the prior written consent of SMM. For reproduction issue, please contact us by email: service.en@smm.cn
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.
For queries, please contact Lemon Zhao at lemonzhao@smm.cn
For more information on how to access our research reports, please email service.en@smm.cn
SMM Events & Webinars
All- Sep15
NET ZERO CHINA Field Trip
Sep 15 - 19,2025中国
- Sep16
SMM Indonesia Seminar: Li-ion Battery & Energy Storage
Sep 16 - 16,2025Jakarta, Indonesia
- Sep26
2025 ASIA BATTERY MATERIAL COOPERATION SALON
Sep 26 - 26,2025Time：9.26 2025 Place：Seoul， South KoreaSeoul， South Korea
MOST POPULAR
Shanghai Metals Market
Privacy PolicyCompliance CentreSMM Credit ServiceContact UsAbout UsTerms & ConditionsSitemapHoliday Pricing Schedule
Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.
Drop us a line
service.en@smm.cn
How can we help you?
+86 021 5155-0306
Live chat via WhatsApp
Copyright © 2025 SMM Information & Technology Co., Ltd. All rights reserved.
