LME Zinc to Hold Strong (2016-7-20)

Published: Jul 20, 2016 09:27

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LME zinc will move at highs of USD 2,220-2,250/mt on Wednesday.

SHANGHAI, Jul. 20 (SMM) – LME zinc will move at highs of USD 2,220-2,250/mt on Wednesday.

IMF lifted China’s economic growth outlook to 6.6% for 2016. China acts as the largest commodity consumer, which will boost base metal prices. But it should be also warned that technical side may face downward correction.

SHFE 1609 zinc should rebound to RMB 17,150-17,350/mt today, and spot #0 zinc prices will trade RMB 50-90/mt below SHFE 1609 zinc.

Key Macroeconomic Indicators for Base Metal Prices (2016-7-20)

LME zinc prices SHFE zinc prices

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