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SHFE Zinc to Face Selling Pressure (2016-5-24)
May 24, 2016 09:29LME zinc is expected to hover between USD 1,820-1,850/mt today.
SHANGHAI, May 24 (SMM) – LME zinc is expected to hover between USD 1,820-1,850/mt today. SHFE 1607 zinc should drop to RMB 14,550-14,850/mt today, and spot #0 zinc prices will trade RMB 20/mt below or RMB 30/mt above SHFE 1607 zinc.
Key Macroeconomic Indicators for Base Metal Prices (2016-5-24)
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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