SHFE Zinc to Climb (2016-10-14)-Shanghai Metals Market

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SHFE Zinc to Climb (2016-10-14)

Price Review & Forecast 09:11:12AM Oct 14, 2016 Source:SMM

SHANGHAI, Oct. 14 (SMM) – China’s September CPI and PPI slated for release today are expected to improve. Onshore and offshore yuan depreciated to 6.73, and will bolster base metals.LME zinc will fluctuate between USD 2,220-2,260/mt today, and SHFE 1612 zinc should hover between RMB 17,600-17,900/mt today, with spot premiums of RMB 120-150/mt against SHFE 1611 zinc.

Key Words:  Zinc 

SHFE Zinc to Climb (2016-10-14)

Price Review & Forecast 09:11:12AM Oct 14, 2016 Source:SMM

SHANGHAI, Oct. 14 (SMM) – China’s September CPI and PPI slated for release today are expected to improve. Onshore and offshore yuan depreciated to 6.73, and will bolster base metals.LME zinc will fluctuate between USD 2,220-2,260/mt today, and SHFE 1612 zinc should hover between RMB 17,600-17,900/mt today, with spot premiums of RMB 120-150/mt against SHFE 1611 zinc.

Key Words:  Zinc