SHFE Zinc to Remain Range-Bound (2016-3-16)

Published: Mar 16, 2016 09:43

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US core CPI in February is expected to remain flat at January’s.

SHANGHAI, Mar. 16 (SMM) – US core CPI in February is expected to remain flat at January’s. The US Fed is expected to leave interest rate unchanged at its March policy meeting. LME zinc is expected to consolidate between USD 1,735-1,765/mt today. SHFE 1605 zinc will fluctuate between RMB 13,800-14,100/mt today.

Spot #0 zinc prices will trade RMB 150-120/mt below SHFE 1605 zinc contract prices.

Key Macroeconomic Indicators for Base Metal Prices (2016-3-16)

SHFE zinc prices LME zinc prices zinc prices

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