SHFE Zinc to Weaken (2016-8-8)-Shanghai Metals Market

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SHFE Zinc to Weaken (2016-8-8)

Price Review & Forecast 09:14:35AM Aug 08, 2016 Source:SMM

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 to Weaken (2016-8-8)

Price Review & Forecast 09:14:35AM Aug 08, 2016 Source:SMM

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.