SHFE Zinc to Remain Strong (2015-12-30)

Published: Dec 30, 2015 09:52

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Market sentiment in the commodity market improved.

SHANGHAI, Dec. 30 (SMM) – Market sentiment in the commodity market improved.LME zinc is expected to move between USD 1,585-1,615/mt. SHFE 1603 zinc will fluctuate between RMB 13,300-13,500/mt today.

See forecast for other base metals, please click: Diverging Trends Expected in Base Metal Market, SMM Says

In China’s spot markets, zinc smelters will sell actively on rising zinc prices. Hedge traders will stay on the sidelines. Inflows of imported zinc slowed at the year’s end. Downstream buyers will purchase only modestly, with spot discounts between RMB 160-60/mt against SHFE 1602 zinc contract prices.

Key Macroeconomic Indicators for Base Metal Prices (2015-12-30)

LME zinc prices SHFE zinc prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

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