SHFE Zinc to Edge up (2016-4-1)
The US dollar index is expected to fall further as non-farm employment data in the US are not promising.
SHANGHAI, Apr. 1 (SMM) – The US dollar index is expected to fall further as non-farm employment data in the US are not promising. LME zinc will fluctuate between RMB 1,795-1,820/mt today, and SHFE 1605 zinc should fluctuate between RMB 14,200-14,400/mt. Spot #0 zinc prices will trade RMB 100-60/mt below SHFE 1605 zinc.
Key Macroeconomic Indicators for Base Metal Prices (2016-4-1)
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.
