SHFE Zinc Prices to Remain Range-Bound (2017-4-18)

Published: Apr 18, 2017 09:46

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US housing starts in March fell short of both market expectations and February’s. US economic activities are expected to slow. This will weigh down the US dollar index and support LME zinc.

SHANGHAI, Apr. 18 (SMM) – US housing starts in March fell short of both market expectations and February’s. US economic activities are expected to slow. This will weigh down the US dollar index and support LME zinc.

LME zinc is expected to move between USD 2,600-2,650/mt today, and SHFE 1706 zinc should fluctuate between RMB 21,550-22,000/mt, with spot prices RMB 290-330/mt above SHFE 1706 zinc.

LME Zinc prices SHFE zinc prices zinc prices

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