SHANGHAI, Apr. 26 (SMM) – EIA crude oil inventories for the US in the week ending April 21 will be released this evening, which are expected to fall further and boost oil prices. LME zinc will also receive a boost and will move between USD 2,590-2,650/mt today. SHFE 1706 zinc should fluctuate between RMB 21,440-21,800/mt, with spot prices RMB 320-380/mt above SHFE 1706 zinc.
Zinc to Stay Range-Bound (2017-4-26)
EIA crude oil inventories for the US in the week ending April 21 will be released this evening, which are expected to fall further and boost oil 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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