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SHFE Zinc to Remain Range-Bound (2017-5-15)
May 15, 2017 09:22LME zinc met pressure from moving averages.
SHANGHAI, May 15 (SMM) – LME zinc met pressure from moving averages. The market will lack solid news today.LME zinc will move between USD 2,540-2,580/mt today. The Belt & Road Forum opened May 14. China’s trade value with countries along the Belt & Road exceeded USD 3 trillion during 2014-2016, and more project about people living will be constructed in the next three years. The market will be cautious today. SHFE 1707 zinc should fluctuate between RMB 21,290-21,650/mt, with spot prices RMB 260-380/mt above SHFE 1705 zinc.
LME Zinc prices
SHFE zinc prices
zinc prices
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