SHANGHAI, Mar. 2 (SMM) – LME zinc is predicted to challenge USD 1,800/mt and move between USD 1,750-1, 800/mt during Asian trading hours Wednesday because of short-covering, supported by continuous fall in inventories.
Markets continue digesting news of RRR cut by the PBOC and US February ADP employment figure due for release tonight should be upbeat.
SHFE 1605 zinc will range RMB 14,150-14,350/mt on Mar. 2 and #o zinc will be offered at discount of RMB 80-140/mt against SHFE 1604 zinc.
Key Macroeconomic Indicators for Base Metal Prices (2016-3-2)