SHFE Zinc to Hover in Tight Range (2016-6-28)-Shanghai Metals Market

Hot Keywords

  • Zinc
  • Inventory data
  • Rare earth
  • Copper scrap
  • Copper
  • Market commentary
  • SMM
  • Morning comments
  • Evening comments
  • Aluminium
  • MMi Iron Ore Port Index
  • Cobalt
  • Futures movement
  • price forecast
  • Environmental protection drive

SHFE Zinc to Hover in Tight Range (2016-6-28)

Price Review & Forecast 09:16:51AM Jun 28, 2016 Source:SMM

SHANGHAI, Jun. 28 (SMM) – European Central Bank held a meeting on the Brexit issue.The US dollar index remained high, weighing on base metals. LME zinc is expected to move between USD 1,980-2,020/mt today. SHFE 1608 zinc should consolidate at RMB 15,500-15,700/mt today, and spot #0 zinc prices will trade RMB 20/mt below or RMB 10/mt above SHFE 1608 zinc.

Key Macroeconomic Indicators for Base Metal Prices (2016-6-28)


SHFE Zinc to Hover in Tight Range (2016-6-28)

Price Review & Forecast 09:16:51AM Jun 28, 2016 Source:SMM

SHANGHAI, Jun. 28 (SMM) – European Central Bank held a meeting on the Brexit issue.The US dollar index remained high, weighing on base metals. LME zinc is expected to move between USD 1,980-2,020/mt today. SHFE 1608 zinc should consolidate at RMB 15,500-15,700/mt today, and spot #0 zinc prices will trade RMB 20/mt below or RMB 10/mt above SHFE 1608 zinc.

Key Macroeconomic Indicators for Base Metal Prices (2016-6-28)