SHFE Zinc to Face downward Pressure (2016-3-11)

Published: Mar 11, 2016 09:29

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Base metals are expected to weaken.

SHANGHAI, Mar. 11 (SMM) – Base metals are expected to weaken. LME zinc is expected to consolidate between USD 1,750-1,800/mt today. SHFE 1605 zinc will inch down to RMB 13,900-14,150/mt today.

Spot #0 zinc prices will trade RMB 150-100/mt below SHFE 1605 zinc contract prices.

Key Macroeconomic Indicators for Base Metal Prices (2016-3-11)

SHFE zinc prices LME zinc prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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