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Shanghai Zinc to Consolidate Narrowly (2016-2-5)

iconFeb 5, 2016 09:29
Source:SMM
The US dollar index fell further, bolstering base metals.

SHANGHAI, Feb. 5 (SMM) – The US dollar index fell further, bolstering base metals. LME zinc is expected to fluctuate between USD 1,715-1,745/mt today. SHFE 1604 zinc will consolidate at RMB 13,750-14,000/mt today.

See forecast for other base metals, please click: Shanghai to See Positions down during Last Trading Day before Chinese Holiday, SMM Says

Spot #0 zinc prices will trade RMB 200-100/mt below SHFE 1603 zinc contract prices.

Key Macroeconomic Indicators for Base Metal Prices (2016-2-5)


zinc price
SHFE zinc prices
LME zinc prices

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