SHFE Zinc to Edge Lower (2016-5-10)
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)
SHFE Zinc to Edge Lower (2016-5-10)
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)
