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Home / Metal News / SHFE Zinc to Edge Lower (2016-3-9)

SHFE Zinc to Edge Lower (2016-3-9)

Mar 9, 2016 09:33

Source:SMM

Ferrous metals dropped by daily limits on sluggish trade data from China. Base metals rolled back early gains.

SHANGHAI, Mar. 9 (SMM) – Ferrous metals dropped by daily limits on sluggish trade data from China. Base metals rolled back early gains. LME zinc is expected to consolidate between USD 1,750-1,800/mt today. SHFE 1605 zinc will fall to RMB 13,750-14,350/mt today.

Spot #0 zinc prices will trade RMB 160-100/mt below SHFE 1605 zinc contract prices.

Key Macroeconomic Indicators for Base Metal Prices (2016-3-9)

SHFE zinc prices

LME zinc prices

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SHFE 1605 zinc contract prices opened at RMB 14,360/mt on Thursday evening and closed at RMB 14,395/mt, up RMB 100/mt.

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SHFE Zinc to Edge Lower (2016-3-9)

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