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Home / Metal News / SHFE Zinc to Strengthen (2016-8-4)

SHFE Zinc to Strengthen (2016-8-4)

Aug 4, 2016 09:16

UK’s manufacturing PMI fell sharply.

SHANGHAI, Aug. 4 (SMM) – UK’s manufacturing PMI fell sharply. The market expects the Bank of England to lower interest rate by 25 basis points. LME zinc is expected to rebound to USD 2,270-2,300/mt today. SHFE 1610 zinc should fluctuate between RMB 17,200-17,500/mt today, and spot #0 zinc prices will trade RMB 50-20/mt below SHFE 1609 zinc.

SHFE zinc prices

LME zinc prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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SHFE Zinc to Strengthen (2016-8-4)

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