Latest Update in the SMM Zinc Market

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on Apr 26, 2024

LME copper prices opened at $9902/mt and closed at $9900/mt last evening, up 1.12%, with the highest of $9958/mt and the lowest of $9736/mt.

The annualized quarterly rate of U.S. GDP in the first quarter was significantly lower than expected; Goolsbee: The Federal Reserve must "readjust" its policy; Japanese media: The Bank of Japan will consider taking measures to reduce its purchases of government bonds;

Mainstream traded prices of #0 zinc were 22250~22390 yuan/mt today, with 22360~22480 yuan/mt for Shuangyan zinc, and 22180~22320 yuan/mt for #1 zinc.

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on Apr 25, 2024

Shanghai: In the morning, spot discounts were 0~10 yuan/mt over the average SMM zinc price. During the second trading session, regular domestic brands were quoted with discounts of 100~120 yuan/mt over the SHFE 2405 zinc contract. Shuangyan zinc was quoted with discounts of 0 yuan/mt over the contract.

LME copper prices opened at $9794.5/mt and closed 0.64% higher at $9790/mt overnight, with the low-end of $9758.5/mt and the high-end of $9843/mt.

Overnight, LME zinc opened at $2795/mt, hitting a low and high of $2783/mt and $2838/mt respectively, and closed higher at $2794.5/mt.