SHFE Zinc to Hover at Highs (2016-7-4)-Shanghai Metals Market

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SHFE Zinc to Hover at Highs (2016-7-4)

Price Review & Forecast 09:53:04AM Jul 04, 2016 Source:SMM

SHANGHAI, Jul. 4 (SMM) – Former Federal Reserve official Peter Fisher believes US general election will be an uncertainty of the market. The Fed shed no lights as to when it will raise rate. The Bank of England hinted it will lower rate this summer. LME zinc is expected to move between USD 2,030-2,070/mt today. SHFE 1609 zinc should consolidate at RMB 16,550-16,950/mt today, and spot #0 zinc prices will trade RMB 70-40/mt below SHFE 1608 zinc.


SHFE Zinc to Hover at Highs (2016-7-4)

Price Review & Forecast 09:53:04AM Jul 04, 2016 Source:SMM

SHANGHAI, Jul. 4 (SMM) – Former Federal Reserve official Peter Fisher believes US general election will be an uncertainty of the market. The Fed shed no lights as to when it will raise rate. The Bank of England hinted it will lower rate this summer. LME zinc is expected to move between USD 2,030-2,070/mt today. SHFE 1609 zinc should consolidate at RMB 16,550-16,950/mt today, and spot #0 zinc prices will trade RMB 70-40/mt below SHFE 1608 zinc.