SHFE Zinc to Rebound (2016-7-29)-Shanghai Metals Market

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SHFE Zinc to Rebound (2016-7-29)

Price Review & Forecast 09:47:21AM Jul 29, 2016 Source:SMM

SHANGHAI, Jul. 29 (SMM) – The Bank of Japan is expected to leave rate unchanged now that a JPY 2-3 trillion stimulus program is expected to be pushed. LME zinc is expected to hover between USD 2,180-2,230/mt today. SHFE 1610 zinc should fluctuate between RMB 16,900-17,100/mt today, and spot #0 zinc prices will trade RMB 40-10/mt below SHFE 1609 zinc. 


SHFE Zinc to Rebound (2016-7-29)

Price Review & Forecast 09:47:21AM Jul 29, 2016 Source:SMM

SHANGHAI, Jul. 29 (SMM) – The Bank of Japan is expected to leave rate unchanged now that a JPY 2-3 trillion stimulus program is expected to be pushed. LME zinc is expected to hover between USD 2,180-2,230/mt today. SHFE 1610 zinc should fluctuate between RMB 16,900-17,100/mt today, and spot #0 zinc prices will trade RMB 40-10/mt below SHFE 1609 zinc.