SHFE Zinc to Fall Back (2016-7-14)-Shanghai Metals Market

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SHFE Zinc to Fall Back (2016-7-14)

Price Review & Forecast 09:03:55AM Jul 14, 2016 Source:SMM

SHANGHAI, Jul. 14 (SMM) – The Bank of UK is expected to lower interest rate by 25 basis points today. LME zinc is expected to fluctuate between USD 2,150-2,200/mt today. SHFE 1609 zinc should fall to RMB 16,800-17,000/mt today, and spot #0 zinc prices will trade RMB 80-40/mt below SHFE 1609 zinc. 


SHFE Zinc to Fall Back (2016-7-14)

Price Review & Forecast 09:03:55AM Jul 14, 2016 Source:SMM

SHANGHAI, Jul. 14 (SMM) – The Bank of UK is expected to lower interest rate by 25 basis points today. LME zinc is expected to fluctuate between USD 2,150-2,200/mt today. SHFE 1609 zinc should fall to RMB 16,800-17,000/mt today, and spot #0 zinc prices will trade RMB 80-40/mt below SHFE 1609 zinc.