SHFE Zinc to Lack Ability to Rise (2017-5-11)

Published: May 11, 2017 09:11
The Bank of England will announce benchmark rate today.

SHANGHAI, May 11 (SMM) – The Bank of England will announce benchmark rate today. The market is cautious toward US’s April PPI due for release today. LME zinc will move between USD 2,580-2,630/mt today. SHFE 1707 zinc should fluctuate between RMB 21,480-21,810/mt, with spot prices RMB 250-360/mt above SHFE 1705 zinc. 

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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