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DashboardDatabaseProReportsEventsConsultingSHANGHAI, Feb. 14 (SMM) – Eyes should be on January CPIs and PPIs from China, US and European countries and fresh reading of eurozone’s GDP in Q4 2016 on Tuesday. The data is expected to be positive, supporting commodities. LME zinc staged technical corrections on Monday’s night trading and will trade at USD 2,880-2,940/mt on Tuesday. SHFE 1704 zinc will correct technically on Tuesday and is expected to move at RMB 23,500-23,950/mt.
In China’s domestic market, #0 spot zinc should trade at discounts of RMB 70-40/mt on Tuesday, against SHFE three month zinc price.
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