Home / Metal News / Copper / SHFE Zinc to Inch down (2016-5-3)
SHFE Zinc to Inch down (2016-5-3)
May 3,2016 09:28CST
price review forecast
Source:SMM
China’s official manufacturing PMI in April was above 50, but fell short of market expectations.

SHANGHAI, May 3 (SMM) – China’s official manufacturing PMI in April was above 50, but fell short of market expectations. Caixin’s April manufacturing PMI for China will be released today. Gold surged above USD 1,300/mt, while crude oil weakened. LME zinc is expected to weaken to USD 1,900-1,940/mt today. SHFE 1607 zinc should fall to RMB 15,100-15,300/mt today, and spot #0 zinc prices will trade RMB 60-10/mt below SHFE 1607 zinc.

Key Macroeconomic Indicators for Base Metal Prices (2016-5-3)


SHFE zinc prices
LME zinc prices

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news