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Home / Metal News / Shanghai Zinc to Consolidate at Highs (2016-1-28)

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

Jan 28, 2016 09:45

Source:SMM

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

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