SHFE Zinc to Consolidate at Highs (2016-8-10)-Shanghai Metals Market

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SHFE Zinc to Consolidate at Highs (2016-8-10)

Price Review & Forecast 09:21:04AM Aug 10, 2016 Source:SMM

SHANGHAI, Aug. 10 (SMM) – China’s July credit loans are expected to fall short of market expectations. Liquidity appeared to have tightened in light of overnight interbank offered rate. LME zinc is expected to move between 2,250-2,290/mt today. SHFE 1610 zinc should fluctuate between RMB 17,300-17,500/mt today, and spot #0 zinc prices will trade RMB 80-40/mt below SHFE 1610 zinc. 


SHFE Zinc to Consolidate at Highs (2016-8-10)

Price Review & Forecast 09:21:04AM Aug 10, 2016 Source:SMM

SHANGHAI, Aug. 10 (SMM) – China’s July credit loans are expected to fall short of market expectations. Liquidity appeared to have tightened in light of overnight interbank offered rate. LME zinc is expected to move between 2,250-2,290/mt today. SHFE 1610 zinc should fluctuate between RMB 17,300-17,500/mt today, and spot #0 zinc prices will trade RMB 80-40/mt below SHFE 1610 zinc.