Zinc to Remain Range-Bound (2017-2-22)

Published: Feb 22, 2017 09:44

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US January existing home sales, eurozone annualized January CPI and IFO Business climate index in February are due for release today. Eurozone data are expected to be flat at December’s while US data

SHANGHAI, Feb. 22 (SMM) – US January existing home sales, eurozone annualized January CPI and IFO Business climate index in February are due for release today. Eurozone data are expected to be flat at December’s while US data are prosmising, supporting the US dollar index to stabilize around 101, weighing down base metals.

LME zinc will move between USD 2855-2905/mt today, and SHFE 1704 zinc should fluctuate between RMB 23,200-23,600/mt today, with spot prices RMB 120-90/mt below SHFE 1704 zinc.

LME Zinc prices SHFE zinc prices zinc prices

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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