SHFE Zinc to Inch Lower (2016-5-23)-Shanghai Metals Market

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SHFE Zinc to Inch Lower (2016-5-23)

Price Review & Forecast 10:20:51AM May 23, 2016 Source:SMM

SHANGHAI, May 23 (SMM) – US rig count stopped falling, so crude oil fell from USD 50/bbl. LME zinc is expected to fall to USD 1,840-1,870/mt today. SHFE 1607 zinc should fluctuate between RMB 14,900-15,150/mt today, and spot #0 zinc prices will trade RMB 30-0/mt against SHFE 1607 zinc.


SHFE Zinc to Inch Lower (2016-5-23)

Price Review & Forecast 10:20:51AM May 23, 2016 Source:SMM

SHANGHAI, May 23 (SMM) – US rig count stopped falling, so crude oil fell from USD 50/bbl. LME zinc is expected to fall to USD 1,840-1,870/mt today. SHFE 1607 zinc should fluctuate between RMB 14,900-15,150/mt today, and spot #0 zinc prices will trade RMB 30-0/mt against SHFE 1607 zinc.