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

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

Price Review & Forecast 09:10:35AM May 19, 2016 Source:SMM

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 to Meet Downward Pressure (2016-5-19)

Price Review & Forecast 09:10:35AM May 19, 2016 Source:SMM

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)