SHFE Zinc to Hover at Highs (2016-10-20)-Shanghai Metals Market

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SHFE Zinc to Hover at Highs (2016-10-20)

Price Review & Forecast 09:20:56AM Oct 20, 2016 Source:SMM

SHANGHAI, Oct. 20 (SMM) – The European Central Bank is expected to leave interest rate unchanged, and will decide whether to prolong quantitative easing policy in late December. LME zinc will fluctuate between USD 2,300-2,330/mt today, and SHFE 1612 zinc should hover between RMB 18,100-18,300/mt today, with spot premiums of RMB 120-150/mt against SHFE 1612 zinc.

Key Words:  Zinc 

SHFE Zinc to Hover at Highs (2016-10-20)

Price Review & Forecast 09:20:56AM Oct 20, 2016 Source:SMM

SHANGHAI, Oct. 20 (SMM) – The European Central Bank is expected to leave interest rate unchanged, and will decide whether to prolong quantitative easing policy in late December. LME zinc will fluctuate between USD 2,300-2,330/mt today, and SHFE 1612 zinc should hover between RMB 18,100-18,300/mt today, with spot premiums of RMB 120-150/mt against SHFE 1612 zinc.

Key Words:  Zinc