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Home / Metal News / SHFE Zinc to Face Pressure (2016-4-19)

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

Apr 19, 2016 09:58

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

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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

SMM Events & Webinars

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