SHFE Zinc to Edge down (2016-7-25)-Shanghai Metals Market

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SHFE Zinc to Edge down (2016-7-25)

Price Review & Forecast 09:42:43AM Jul 25, 2016 Source:SMM

SHANGHAI, Jul. 25 (SMM) – Net longs on the US dollar surged recently, weighing on base metals. LME zinc is expected to weaken to USD 2,220-2,260/mt today. SHFE 1609 zinc should fluctuate between RMB 17,100-17,400/mt today, and spot #0 zinc prices will trade RMB 80-40/mt below SHFE 1609 zinc. 


SHFE Zinc to Edge down (2016-7-25)

Price Review & Forecast 09:42:43AM Jul 25, 2016 Source:SMM

SHANGHAI, Jul. 25 (SMM) – Net longs on the US dollar surged recently, weighing on base metals. LME zinc is expected to weaken to USD 2,220-2,260/mt today. SHFE 1609 zinc should fluctuate between RMB 17,100-17,400/mt today, and spot #0 zinc prices will trade RMB 80-40/mt below SHFE 1609 zinc.