SHFE Zinc to Fluctuate at Highs (2016-7-1)-Shanghai Metals Market

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SHFE Zinc to Fluctuate at Highs (2016-7-1)

Price Review & Forecast 09:13:09AM Jul 01, 2016 Source:SMM

SHANGHAI, Jul. 1 (SMM) – Caixin’s manufacturing PMI in June for China will be released today. Crude oil weakened. LME zinc is expected to move between USD 2,080-2,120/mt today. SHFE 1609 zinc should consolidate at RMB 16,300-16,500/mt today, and spot #0 zinc prices will trade RMB 60-30/mt below SHFE 1608 zinc.


SHFE Zinc to Fluctuate at Highs (2016-7-1)

Price Review & Forecast 09:13:09AM Jul 01, 2016 Source:SMM

SHANGHAI, Jul. 1 (SMM) – Caixin’s manufacturing PMI in June for China will be released today. Crude oil weakened. LME zinc is expected to move between USD 2,080-2,120/mt today. SHFE 1609 zinc should consolidate at RMB 16,300-16,500/mt today, and spot #0 zinc prices will trade RMB 60-30/mt below SHFE 1608 zinc.