SHFE Zinc to Remain Range-Bound (2016-6-21)-Shanghai Metals Market

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SHFE Zinc to Remain Range-Bound (2016-6-21)

Price Review & Forecast 09:21:28AM Jun 21, 2016 Source:SMM

SHANGHAI, Jun. 21 (SMM) – Australia central bank will announce its policy meeting minutes today. Risk appetite grew, so base metals are expected to extend gains.

LME zinc is expected to rebound to USD 2,000-2,050/mt today. SHFE 1608 zinc should consolidate at RMB 15,550-15,800/mt today, and spot #0 zinc prices will trade RMB 50-10/mt below SHFE 1608 zinc.

Key Macroeconomic Indicators for Base Metal Prices (2016-6-21)


SHFE Zinc to Remain Range-Bound (2016-6-21)

Price Review & Forecast 09:21:28AM Jun 21, 2016 Source:SMM

SHANGHAI, Jun. 21 (SMM) – Australia central bank will announce its policy meeting minutes today. Risk appetite grew, so base metals are expected to extend gains.

LME zinc is expected to rebound to USD 2,000-2,050/mt today. SHFE 1608 zinc should consolidate at RMB 15,550-15,800/mt today, and spot #0 zinc prices will trade RMB 50-10/mt below SHFE 1608 zinc.

Key Macroeconomic Indicators for Base Metal Prices (2016-6-21)