LME Zinc to Hover at Highs (2017-3-29)

Published: Mar 29, 2017 09:51

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LME zinc will hover at highs on Wednesday and will move at USD 2,780-2,840/mt. SHFE 1705 zinc will fluctuate between RMB 22,800-23,300/mt.

SHANGHAI, Mar. 29 (SMM) – LME zinc closed higher on Tuesday’s night trading. LME zinc will hover at highs on Wednesday and will move at USD 2,780-2,840/mt. SHFE 1705 zinc advanced to above all the moving averages on Tuesday’s night trading and will fluctuate between RMB 22,800-23,300/mt on Wednesday.

In China’s domestic market, spot zinc should trade at discounts of RMB 60-30/mt on Wednesday.

SHFE zinc LME zinc 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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