LME Zinc to Weaken (2017-5-4)

Published: May 4, 2017 09:06

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US trade data in March and the number of US initial jobless claims last week due for release today are expected to be upbeat, weighing down LME zinc.

SHANGHAI, May 3 (SMM) – US trade data in March and the number of US initial jobless claims last week due for release today are expected to be upbeat, weighing down LME zinc.

LME zinc will move between USD 2,550-2,610/mt today. SHFE 1706 zinc should fluctuate between RMB 21,300-21,800/mt, with spot prices RMB 260-300/mt above SHFE 1706 zinc. Caixin’s April manufacturing PMI for China will be released today.

LME Zinc prices SHFE zinc prices 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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