SHANGHAI, Jan. 24 (SMM) – US December existing home sales and eurozone January manufacturing PMI due for release today will fall short of November, dragging down the US dollar index and supporting base metals. LME zinc will move between USD 2,760-2,820/mt today, and SHFE 1703 zinc should fluctuate between RMB 22,700-23,000/mt today, with spot prices moving RMB 40/mt below or RMB 30/mt above SHFE 1703 zinc.
LME Zinc to Fluctuate at Highs (2017-1-24)
US December existing home sales and eurozone January manufacturing PMI due for release today will fall short of November, dragging down the US dollar index and supporting base metals.
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.
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