SHFE Zinc to Strengthen (2016-6-14)-Shanghai Metals Market

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SHFE Zinc to Strengthen (2016-6-14)

Price Review & Forecast 11:19:36AM Jun 14, 2016 Source:SMM

SHANGHAI, Jun. 14 (SMM) – China’s informal financing and credit loans are expected to increase. With risk aversion, LME zinc is expected to fluctuate between USD 2,060-2,090/mt today. SHFE 1608 zinc should consolidate at RMB 15,800-16,050/mt today, and spot #0 zinc prices will trade RMB 60-30/mt below SHFE 1608 zinc.


SHFE Zinc to Strengthen (2016-6-14)

Price Review & Forecast 11:19:36AM Jun 14, 2016 Source:SMM

SHANGHAI, Jun. 14 (SMM) – China’s informal financing and credit loans are expected to increase. With risk aversion, LME zinc is expected to fluctuate between USD 2,060-2,090/mt today. SHFE 1608 zinc should consolidate at RMB 15,800-16,050/mt today, and spot #0 zinc prices will trade RMB 60-30/mt below SHFE 1608 zinc.