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

Published: Mar 30, 2016 09:49

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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

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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