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.
SHFE Zinc to Lack Upward Ability (2017-5-12)
LME zinc met upward resistance. US annualized April CPI due for release today is not promising.
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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