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

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

Price Review & Forecast 09:43:43AM Mar 16, 2016 Source:SMM

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

Price Review & Forecast 09:43:43AM Mar 16, 2016 Source:SMM

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)