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)
China’s June import and export data slated for release today are not promising. Base metals are expected to rebound on sufficient liquidities.
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.
For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn