Non-ferrous
Non-ferrous
Base Metals
Rare Earth
Scrap Metals
Minor Metals
Precious Metals
New Energy
Price CenterDatabaseProReportsEventsCar Insight
SMM Morning Review - 2010/2/23 Zinc Market
SHANGHAI, Feb. 23 (SMM) -- LME Market
|
|
Close
(USD/mt)
|
Premium/Discount
|
Volume
(lot)
|
Position
(lot)
|
Inventory
(mt)
|
|
3-mth Contract
|
Spot – 3 mth
|
||||
|
Jan. Average
|
2,445
|
-26
|
57,463
|
222,379
|
490,804
|
|
Feb. 22nd
|
2,320
|
-23
|
42,323
|
218,500
|
540,925
|
SHFE Market
|
|
Zinc – Spot Month (RMB/mt)
|
RMB/USD
|
||
|
SHFE Close
|
Settlement
|
Weighted Ave.
|
||
|
Feb. 12th
|
18,060
|
17,995
|
17,648
|
1:6.8269
|
|
Feb. 22nd
|
18,515
|
18,635
|
17,978
|
1:6.8271
|
|
|
Zinc – 3mth (RMB/mt)
|
Shanghai Spot
#0 Zinc Ingot
|
||
|
SHFE Close
|
Settlement
|
Weighted Ave.
|
||
|
Feb. 12th
|
18,345
|
18,320
|
17,912
|
17,900
|
|
Feb. 22nd
|
18,840
|
18,970
|
18,075
|
18,450
|
Summary
Yesterday was the first trading day after the Chinese New Year holiday, and trading sentiment was not very high in the Shanghai zinc market. The wait-and-see sentiment prevailed among market players due to falling SHFE zinc prices, and domestic #0 zinc was traded around RMB 18,450/mt, and #1 zinc was traded around RMB 18,400/mt.
LME zinc prices ended its upward trend, with prices closing at USD 2,320/mt, receiving strong pressure at 60-day moving average line, since LME metal prices experienced significant growth last week, and showed moderate performance on the first trading day after the holiday. In addition, LME zinc inventories reached a new high of 541 kt, also exerting great pressure on zinc market. SMM predicts SHFE three-month contract zinc prices will fluctuate in the RMB 18,500-19,000/mt range today, with pressure expected at 30-day moving average line.
To contact the writer on this report: monicagao@smm.cn
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
- Sep26
2025 ASIA BATTERY MATERIAL COOPERATION SALON
Sep 26 - 26,2025Time：9.26 2025 Place：Seoul， South KoreaSeoul， South Korea
- Oct14
SMM LME Metals Seminar 2025
Oct 14 - 14,2025Emmanuel Centre，London , the United Kingdom
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.
