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

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

Price Review & Forecast 10:01:28AM Mar 14, 2016 Source:SMM

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)


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

Price Review & Forecast 10:01:28AM Mar 14, 2016 Source:SMM

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)