SHFE Zinc to Advance (2016-7-7)-Shanghai Metals Market

Hot Keywords

  • Nickel market
  • Market commentary
  • Silicon
  • zinc
  • Aluminium
  • Inventory data
  • Copper
  • Zinc
  • Production data
  • Nickel
  • Sales data
  • Morning comments
  • Stainless steel
  • Silicon metal
  • Nickel pig iron

SHFE Zinc to Advance (2016-7-7)

Price Review & Forecast 09:47:03AM Jul 07, 2016 Source:SMM

SHANGHAI, Jul. 7 (SMM) – Onshore yuan depreciated and closed at 6.69 overnight. LME zinc is expected to move between USD 2,080-2,120/mt today. SHFE 1609 zinc should strengthen to RMB 16,200-16,600/mt today, and spot #0 zinc prices will trade RMB 50-10/mt below SHFE 1608 zinc.

Key Macroeconomic Indicators for Base Metal Prices (2016-7-7)


SHFE Zinc to Advance (2016-7-7)

Price Review & Forecast 09:47:03AM Jul 07, 2016 Source:SMM

SHANGHAI, Jul. 7 (SMM) – Onshore yuan depreciated and closed at 6.69 overnight. LME zinc is expected to move between USD 2,080-2,120/mt today. SHFE 1609 zinc should strengthen to RMB 16,200-16,600/mt today, and spot #0 zinc prices will trade RMB 50-10/mt below SHFE 1608 zinc.

Key Macroeconomic Indicators for Base Metal Prices (2016-7-7)