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LME Zinc to Stay Range-Bound (2017-5-18)
May 18,2017 09:40CST
price review forecast
Source:SMM
The number of US initial jobless claims last week due for release this evening is not promising, and will drag down the US dollar and boost LME zinc.

SHANGHAI, May 18 (SMM) –The number of US initial jobless claims last week due for release this evening is not promising, and will drag down the US dollar and boost LME zinc. LME zinc will move between USD 2,540-2,580/mt today. SHFE 1707 zinc should fluctuate between RMB 21,400-21,700/mt, with spot prices RMB 300-420/mt above SHFE 1705 zinc. 

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