SHFE Zinc to Stabilize (2016-5-26)
The G7 Summit will open today, and the market will watch on exchange market risk.
SHANGHAI, May 26 (SMM) – The G7 Summit will open today, and the market will watch on exchange market risk. LME zinc is expected to hover between USD 1,820-1,850/mt today. SHFE 1607 zinc should stabilize at RMB 14,550-14,750/mt today, and spot #0 zinc prices will trade RMB 10-50/mt above SHFE 1607 zinc.
Key Macroeconomic Indicators for Base Metal Prices (2016-5-26)
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.
