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Home / Metal News / SHFE Zinc to Hover at Highs (2016-6-30)

SHFE Zinc to Hover at Highs (2016-6-30)

Jun 30, 2016 09:10

Source:SMM

Rebounding stock markets reflect improving risk appetite.

SHANGHAI, Jun. 30 (SMM) – Rebounding stock markets reflect improving risk appetite. Base metals should fall after continuous rebound. LME zinc is expected to move between USD 2,050-2,100/mt today. SHFE 1609 zinc should consolidate at RMB 16,150-16,350/mt today, and spot #0 zinc prices will trade RMB 40-20/mt below SHFE 1608 zinc.

Key Macroeconomic Indicators for Base Metal Prices (2016-6-30)

SHFE zinc prices

LME zinc prices

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