Shanghai Zinc to Consolidate at Highs (2016-1-28)

Published: Jan 28, 2016 09:45

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Base metals are expected to maintain upward momentum on weakening US dollar index.

SHANGHAI, Jan. 28 (SMM) – Base metals are expected to maintain upward momentum on weakening US dollar index. LME zinc is expected to move between USD 1,600-1,630/mt today. SHFE 1603 zinc will consolidate between RMB 12,950-13,150/mt today.

See forecast for other base metals, please click: Shanghai Base Metal Prices to Keep Rising, SMM Says

Spot #0 zinc prices will trade RMB 80-0/mt below SHFE 1603 zinc contract prices.

Key Macroeconomic Indicators for Base Metal Prices (2016-1-28)

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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