LME Zinc to Face Technical Correction (2016-3-8)

Published: Mar 8, 2016 10:07

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Technically, LME zinc will fall back to USD 1,790-1,820/mt during Asian trading hours Tuesday.

SHANGHAI, Mar. 8 (SMM) – Technically, LME zinc will fall back to USD 1,790-1,820/mt during Asian trading hours Tuesday.

Eyes will be on China’s trade data and interest rate decision by the ECB and markets expect Q4 GDP in euro zone should be flat Q3’s level.

SHFE 1605 nickel faces sell-off pressure and will hover between RMB 14,200-14,600/mt on Mar. 8. #0 zinc will be offered at discounts of RMB 100-130/mt against SHFE 1604 zinc.

Key Macroeconomic Indicators for Base Metal Prices (2016-3-8)

LME zinc prices Zn Price

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