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.
SHFE Zinc to Remain Range-Bound (2017-5-15)
LME zinc met pressure from moving averages.
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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