SHFE Zinc to Strengthen (2016-7-21)-Shanghai Metals Market

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SHFE Zinc to Strengthen (2016-7-21)

Price Review & Forecast 09:30:25AM Jul 21, 2016 Source:SMM

SHANGHAI, Jul. 21 (SMM) – European central bank will announce its interest rate decision today and is expected to push easy monetary measures sooner or later now that the euro faces downward pressure due to UK’s vote to leave the EU. LME zinc is expected to fluctuate between USD 2,230-2,260/mt today. SHFE 1609 zinc should strengthen to RMB 17,000-17,300/mt today, and spot #0 zinc prices will trade RMB 90-60/mt below SHFE 1609 zinc. 


SHFE Zinc to Strengthen (2016-7-21)

Price Review & Forecast 09:30:25AM Jul 21, 2016 Source:SMM

SHANGHAI, Jul. 21 (SMM) – European central bank will announce its interest rate decision today and is expected to push easy monetary measures sooner or later now that the euro faces downward pressure due to UK’s vote to leave the EU. LME zinc is expected to fluctuate between USD 2,230-2,260/mt today. SHFE 1609 zinc should strengthen to RMB 17,000-17,300/mt today, and spot #0 zinc prices will trade RMB 90-60/mt below SHFE 1609 zinc.