SHFE Zinc to Face Pressure (2016-4-19)

Published: Apr 19, 2016 09:58

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A strike by Kuwait petroleum workers is expected to boost crude oil and in turn drive up base metals.

SHANGHAI, Apr. 19 (SMM) – A strike by Kuwait petroleum workers is expected to boost crude oil and in turn drive up base metals. LME zinc is expected to rise to USD 1,860-1,910/mt today. SHFE 1606 zinc should inch lower to RMB 14,950-15,250/mt today, and spot #0 zinc prices will trade RMB 80-50/mt below SHFE 1606 zinc.

Key Macroeconomic Indicators for Base Metal Prices (2016-4-19)

SHFE zinc prices LME zinc prices

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