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

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

Price Review & Forecast 09:41:34AM May 25, 2016 Source:SMM

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

Price Review & Forecast 09:41:34AM May 25, 2016 Source:SMM

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)