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SHFE Zinc to Meet Downward Pressure (2016-5-19)

iconMay 19, 2016 09:10
LME base metals opened low due to stronger US dollar index. LME zinc is expected to fluctuate between USD 1,860-1,890/mt today.

SHANGHAI, May 19 (SMM) – LME base metals opened low due to stronger US dollar index. LME zinc is expected to fluctuate between USD 1,860-1,890/mt today. SHFE 1607 zinc should fluctuate between RMB 14,900-15,100/mt today, and spot #0 zinc prices will trade RMB 40-0/mt below SHFE 1607 zinc.

Key Macroeconomic Indicators for Base Metal Prices (2016-5-19)


SHFE zinc prices
LME zinc prices
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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