SHFE Zinc to Strengthen (2016-8-4)-Shanghai Metals Market

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SHFE Zinc to Strengthen (2016-8-4)

Price Review & Forecast 09:16:56AM Aug 04, 2016 Source:SMM

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 to Strengthen (2016-8-4)

Price Review & Forecast 09:16:56AM Aug 04, 2016 Source:SMM

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.