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SHFE Zinc to Face downward Pressure (2016-3-11)
Mar 11, 2016 09:29Base 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
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