SHFE Zinc to Remain High (2016-7-13)-Shanghai Metals Market

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SHFE Zinc to Remain High (2016-7-13)

Price Review & Forecast 09:30:48AM Jul 13, 2016 Source:SMM

SHANGHAI, Jul. 12 (SMM) – China’s June import and export data slated for release today are not promising. Base metals are expected to rebound on sufficient liquidities. But concerns over China’s economic downturn may grow.  LME zinc is expected to fluctuate between USD 2,180-2,210/mt today. SHFE 1609 zinc should fluctuate between RMB 16,850-17,150/mt today, and spot #0 zinc prices will trade RMB 80-40/mt below SHFE 1609 zinc. 


SHFE Zinc to Remain High (2016-7-13)

Price Review & Forecast 09:30:48AM Jul 13, 2016 Source:SMM

SHANGHAI, Jul. 12 (SMM) – China’s June import and export data slated for release today are not promising. Base metals are expected to rebound on sufficient liquidities. But concerns over China’s economic downturn may grow.  LME zinc is expected to fluctuate between USD 2,180-2,210/mt today. SHFE 1609 zinc should fluctuate between RMB 16,850-17,150/mt today, and spot #0 zinc prices will trade RMB 80-40/mt below SHFE 1609 zinc.