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Home / Metal News / SHFE Zinc to Strengthen (2016-7-21)

SHFE Zinc to Strengthen (2016-7-21)

Jul 21, 2016 09:30

Source:SMM

European central bank will announce its interest rate decision today.

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 prices

LME zinc prices

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