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Home / Metal News / SHFE Zinc to Face downward Pressure (2016-3-11)

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

Mar 11, 2016 09:29

Source:SMM

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

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

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