SHFE Zinc to Remain Range-Bound (2016-3-14)

Published: Mar 14, 2016 10:01

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China’s consumer goods retail sales and fixed asset investment in cities and towns both slid, depressing market sentiment.

SHANGHAI, Mar. 14 (SMM) – China’s consumer goods retail sales and fixed asset investment in cities and towns both slid, depressing market sentiment. LME zinc is expected to consolidate between USD 1,760-1,810/mt today. SHFE 1605 zinc will fluctuate between RMB 14,100-14,300/mt today.

Spot #0 zinc prices will trade RMB 130-160/mt below SHFE 1605 zinc contract prices.

Key Macroeconomic Indicators for Base Metal Prices (2016-3-14)

zinc prices 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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