SHANGHAI, Mar. 23 (SMM) – LME zinc will move between USD 2,820-2,880/mt today, and SHFE 1705 zinc should hover between RMB 23,200-23,600/mt today, with spot prices RMB 60-40/mt below SHFE 1705 zinc. US February new home sales, the number of initial jobless claims last week and Fed Chair Janet Yellen’s statement will be a focus of markets today.
SHFE Zinc Prices to Hover at Highs (2017-3-23)
LME zinc will move between USD 2,820-2,880/mt today, and SHFE 1705 zinc should hover between RMB 23,200-23,600/mt today, with spot prices RMB 60-40/mt below SHFE 1705 zinc.
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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