SHFE Zinc to Edge Lower (2016-5-10)
China’s April PPI due for release today is not promising.
SHANGHAI, May 10 (SMM) – China’s April PPI due for release today is not promising. Base metals to remain weak. LME zinc is expected to move between USD 1,810-1,850/mt today. SHFE 1607 zinc should fluctuate between RMB 14,400-14,600/mt today, and spot #0 zinc prices will trade RMB 30-20/mt below SHFE 1607 zinc.
Key Macroeconomic Indicators for Base Metal Prices (2016-5-10)
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.
