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LME Zinc to Meet Pressure (2017-5-5)
May 5,2017 09:12CST
price review forecast
Source:SMM
LME zinc clawed back intraday gains overnight. US non-farm employment data are expected to far top previous data, weighing down LME zinc. Investors will trade cautiously awaiting non-farm report.

SHANGHAI, May 5 (SMM) – LME zinc clawed back intraday gains overnight. US non-farm employment data are expected to far top previous data, weighing down LME zinc. Investors will trade cautiously awaiting non-farm report.

LME zinc will move between USD 2,560-2,600/mt today. SHFE 1706 zinc should fluctuate between RMB 21,400-21,700/mt, with spot prices RMB 270-320/mt above SHFE 1706 zinc. 

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