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SHFE Zinc to Remain Bullish (2015-12-28)
Dec 28,2015 09:42CST
price review forecast
The LME market remains closed today.

SHANGHAI, Dec. 28 (SMM) – The LME market remains closed today. SHFE 1603 zinc contracts became the most actively traded contracts, and will rise to RMB 13,050-13,250/mt today.

See forecast for other base metals, please click: Base Metals to See Light Trading in Pre-holiday Week, with Firm Prices, SMM Says

In China’s spot markets, zinc smelters will sell actively at higher prices. Inflows of imported zinc slowed at the year’s end, but goods releases by some traders are expected. Spot discounts will be RMB 150-50/mt against SHFE 1602 zinc contract prices.

Key Macroeconomic Indicators for Base Metal Prices (2015-12-28)

SHFE zinc prices
LME zinc prices

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