SHFE Zinc to Move Lower (2016-5-4)-Shanghai Metals Market

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SHFE Zinc to Move Lower (2016-5-4)

Price Review & Forecast 09:37:30AM May 04, 2016 Source:SMM

SHANGHAI, May 4 (SMM) – ADP’s April employment data for the US due for release today are promising. The US dollar index may thus pick up further. LME zinc is expected to move between USD 1,860-1,910/mt today. SHFE 1607 zinc should fluctuate between RMB 15,050-15,250/mt today, and spot #0 zinc prices will trade RMB 40-10/mt below SHFE 1606 zinc.

Key Macroeconomic Indicators for Base Metal Prices (2016-5-4)


SHFE Zinc to Move Lower (2016-5-4)

Price Review & Forecast 09:37:30AM May 04, 2016 Source:SMM

SHANGHAI, May 4 (SMM) – ADP’s April employment data for the US due for release today are promising. The US dollar index may thus pick up further. LME zinc is expected to move between USD 1,860-1,910/mt today. SHFE 1607 zinc should fluctuate between RMB 15,050-15,250/mt today, and spot #0 zinc prices will trade RMB 40-10/mt below SHFE 1606 zinc.

Key Macroeconomic Indicators for Base Metal Prices (2016-5-4)