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SHFE Zinc to Consolidate in Narrow Range (2016-5-25)

Published: May 25, 2016 09:41
API crude oil inventories for the US released today dropped sharply, driving up oil prices toward USD 50/mt.

SHANGHAI, May 25 (SMM) –API crude oil inventories for the US released today dropped sharply, driving up oil prices toward USD 50/mt. LME zinc is expected to hover between USD 1,800-1,850/mt today. SHFE 1607 zinc should fluctuate between RMB 14,500-14,700/mt today, and spot #0 zinc prices will trade RMB 30/mt above SHFE 1607 zinc.

Key Macroeconomic Indicators for Base Metal Prices (2016-5-25)


SHFE zinc pricesLME zinc prices

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

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