SHFE Zinc to Edge Lower (2016-5-10)-Shanghai Metals Market

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Home > News > Price Review & Forecast > SHFE Zinc to Edge Lower (2016-5-10)

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

Price Review & Forecast 09:41:46AM May 10, 2016 Source:SMM

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)

Key Words: SHFE zinc prices LME zinc prices

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#1 Refined Cu

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47900.0

85.0

(0.18%)

Aluminum Ingot

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14340.0

-20.0

(-0.14%)

#1 Lead

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16200.0

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(0.31%)

0# Zinc

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21450.0

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#1 Tin Ingot

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(-0.17%)

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

Price Review & Forecast 09:41:46AM May 10, 2016 Source:SMM

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)

Key Words: SHFE zinc prices LME zinc prices