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Home / Metal News / SHFE Zinc to Have Strong Upward Momentum (2017-5-22)

SHFE Zinc to Have Strong Upward Momentum (2017-5-22)

May 22, 2017 09:22

LME zinc will move between USD 2,590-2,650/mt today.

SHANGHAI, May 22 (SMM) – LME zinc will move between USD 2,590-2,650/mt today. SHFE 1707 zinc rallied and narrowed the SMM/LME zinc price ratio. SHFE 1707 zinc will have strong upward momentum, and should fluctuate between RMB 21,800-22,300/mt, with spot prices RMB 330-400/mt above SHFE 1706 zinc.

LME Zinc prices

SHFE zinc prices

zinc prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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