SHFE Zinc to Face Downward Pressure (2016-5-6)-Shanghai Metals Market

Hot Keywords

  • Zinc
  • Aluminium
  • Copper scrap
  • Copper
  • Primary lead
  • Market commentary
  • Customs data
  • Nickel
  • Futures movement
  • Evening comments
  • Inventory data
  • price forecast
  • MMi Iron Ore Port Index
  • Secondary lead
  • Morning comments

SHFE Zinc to Face Downward Pressure (2016-5-6)

Price Review & Forecast 09:43:41AM May 06, 2016 Source:SMM

SHANGHAI, May 6 (SMM) – US non-farm employment data due for release today may not weaken. The US dollar index may thus rise further. LME zinc is expected to move between USD 1,840-1,870/mt today. SHFE 1607 zinc should fall to RMB 14,700-15,000/mt today, and spot #0 zinc prices will trade RMB 30/mt below SHFE 1607 zinc.

Key Macroeconomic Indicators for Base Metal Prices (2016-5-6)


SHFE Zinc to Face Downward Pressure (2016-5-6)

Price Review & Forecast 09:43:41AM May 06, 2016 Source:SMM

SHANGHAI, May 6 (SMM) – US non-farm employment data due for release today may not weaken. The US dollar index may thus rise further. LME zinc is expected to move between USD 1,840-1,870/mt today. SHFE 1607 zinc should fall to RMB 14,700-15,000/mt today, and spot #0 zinc prices will trade RMB 30/mt below SHFE 1607 zinc.

Key Macroeconomic Indicators for Base Metal Prices (2016-5-6)