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Home / Metal News / LME Zinc to Meet Resistance (2016-3-30)

LME Zinc to Meet Resistance (2016-3-30)

Mar 30, 2016 09:49

Source:SMM

LME zinc will meet resistance and move between USD 1,785-1,810/mt during Asian trading hours Wednesday.

SHANGHAI, Mar. 30 (SMM) – LME zinc will meet resistance and move between USD 1,785-1,810/mt during Asian trading hours Wednesday.

SHFE 1605 zinc should range RMB 14,100-14,250/mt on Mar. 30. In China’s spot market, spot #0 zinc will be offered at discounts of RMB 50-90/mt against SHFE 1605 zinc. SMM #0 zinc should edge down RMB 50-100/mt. Zinc smelters are expected to maintain normal shipment to market and downstream buyers may purchase as needed.

Key Macroeconomic Indicators for Base Metal Prices (2016-3-30)

LME zinc prices

SHFE zinc prices

Zn Price

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