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SHFE Zinc Prices to Fall Sharply (2017-4-1)
Apr 5, 2017 09:32Source:SMM
Markit’s service and comprehensive PMIs for many countries due for release today are promising. EIA crude oil inventories for the week ending March 31 in the US are expected to fall. The result of the
SHANGHAI, Apr. 1 (SMM) – Markit’s service and comprehensive PMIs for many countries due for release today are promising. EIA crude oil inventories for the week ending March 31 in the US are expected to fall. The result of the second presidential debate in France will add to market uncertainty.
LME zinc will consolidate between USD 2,740-2,790/mt today, and SHFE 1705 zinc should fall sharply to RMB 22,600-23,100/mt today, with spot prices RMB 70-30/mt below SHFE 1705 zinc.
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