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Shanghai Zinc to Remain Relatively Firm (2016-1-18)

iconJan 18, 2016 10:08
Source:SMM
There will not be any significant macroeconomic news today.

SHANGHAI, Jan. 18 (SMM) – There will not be any significant macroeconomic news today. Brent crude oil prices fell below USD 28/bbl, weighing on base metals. LME zinc is expected to fall to USD 1,450-1,480/mt today. SHFE 1603 zinc will remain firm between RMB 12,350-12,550/mt today.

See forecast for other base metals, please click: Price Pattern of Stronger Shanghai Prices to Change, SMM Says

Spot #0 zinc prices will trade RMB 50/mt below or RMB 10/mt above SHFE 1603 zinc contract prices.

Key Macroeconomic Indicators for Base Metal Prices (2016-1-18)


SHFE zinc prices
LME zinc prices

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