SHFE Zinc to be Range-Bound (2016-6-23)

Published: Jun 23, 2016 09:20

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The market will be cautious as the referendum on a possible Brexit will be implemented today.

SHANGHAI, Jun. 23 (SMM) – The market will be cautious as the referendum on a possible Brexit will be implemented today. LME zinc is expected to move between USD 2,030-2,060/mt today. SHFE 1608 zinc should consolidate at RMB 15,700-15,850/mt today, and spot #0 zinc prices will trade RMB 30-10/mt below SHFE 1608 zinc.

Key Macroeconomic Indicators for Base Metal Prices (2016-6-23)

SHFE zinc prices LME 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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