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

Hot Keywords

  • Zinc
  • Copper
  • Copper scrap
  • Inventory data
  • Lithium
  • Aluminium
  • Rare earth
  • Evening comments
  • Customs data
  • Futures movement
  • Morning comments
  • Market commentary
  • Silicon
  • tungsten price
  • Cobalt

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

Price Review & Forecast 09:10:34AM Jun 30, 2016 Source:SMM

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 to Hover at Highs (2016-6-30)

Price Review & Forecast 09:10:34AM Jun 30, 2016 Source:SMM

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)