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SHFE Zinc to Lack Upward Ability (2017-5-12)
May 12, 2017 09:35LME zinc met upward resistance. US annualized April CPI due for release today is not promising.
SHANGHAI, May 12 (SMM) – LME zinc met upward resistance. US annualized April CPI due for release today is not promising. But any support to LME zinc will be limited due to upbeat economic indicators from the US recently. LME zinc will move between USD 2,570-2,620/mt today. SHFE 1707 zinc should fluctuate between RMB 21,400-21,770/mt, with spot prices RMB 250-360/mt above SHFE 1705 zinc.
LME Zinc prices
SHFE zinc prices
zinc prices
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