SHFE Zinc to Consolidate at Highs (2017-6-15)-Shanghai Metals Market

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SHFE Zinc to Consolidate at Highs (2017-6-15)

Price Review & Forecast 09:16:14AM Jun 15, 2017 Source:SMM

SHANGHAI, Jun. 15 (SMM) – The market will continue to absorb Fed rate hike news today, weighing on LME zinc. LME zinc is expected to move between USD 2,450-2,500/mt today. The Bank of England’s interest rate decision will be eyed today. SHFE 1708 zinc is expected to fluctuate between RMB 20,800-21,200/mt, with spot prices RMB 870-1,000/mt above SHFE 1707 zinc.  

SHFE Zinc to Consolidate at Highs (2017-6-15)

Price Review & Forecast 09:16:14AM Jun 15, 2017 Source:SMM

SHANGHAI, Jun. 15 (SMM) – The market will continue to absorb Fed rate hike news today, weighing on LME zinc. LME zinc is expected to move between USD 2,450-2,500/mt today. The Bank of England’s interest rate decision will be eyed today. SHFE 1708 zinc is expected to fluctuate between RMB 20,800-21,200/mt, with spot prices RMB 870-1,000/mt above SHFE 1707 zinc.