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

SHFE Zinc to Weaken (2016-8-8)

Aug 8, 2016 09:14

Source:SMM

China’s import and export data slated for release today are expected to improve.

SHANGHAI, Aug. 8 (SMM) – China’s import and export data slated for release today are expected to improve. The US dollar index will move at highs, weighing on base metals. LME zinc is expected to move between 2,250-2,280/mt today. SHFE 1610 zinc should fluctuate between RMB 17,300-17,450/mt today, and spot #0 zinc prices will trade RMB 80-60/mt below SHFE 1610 zinc.

SHFE zinc prices

LME zinc prices

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SHFE Zinc to Weaken (2016-8-8)

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