SHFE Zinc to Hover at Highs (2016-8-31)-Shanghai Metals Market

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SHFE Zinc to Hover at Highs (2016-8-31)

Price Review & Forecast 09:29:43AM Aug 31, 2016 Source:SMM

SHANGHAI, Aug. 31 (SMM) – Should overnight shibor rise further, a large number of speculative investors may retreat from commodity market. LME zinc will consolidate at USD 2,290-2,330/mt, and SHFE 1611 zinc should fluctuate between RMB 17,900-18,100/mt today, and spot #0 zinc prices will trade RMB 70-90/mt above SHFE 1610 zinc. 


SHFE Zinc to Hover at Highs (2016-8-31)

Price Review & Forecast 09:29:43AM Aug 31, 2016 Source:SMM

SHANGHAI, Aug. 31 (SMM) – Should overnight shibor rise further, a large number of speculative investors may retreat from commodity market. LME zinc will consolidate at USD 2,290-2,330/mt, and SHFE 1611 zinc should fluctuate between RMB 17,900-18,100/mt today, and spot #0 zinc prices will trade RMB 70-90/mt above SHFE 1610 zinc.