SHFE Zinc to Maintain Upward Momentum (2017-5-23)

Published: May 23, 2017 09:32

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LME zinc will breach the 40- and 10-week moving average and maintain strong momentum.

SHANGHAI, May 23 (SMM) – LME zinc will breach the 40- and 10-week moving average and maintain strong momentum. Eurozone May manufacturing PMI, US April manufacturing PMI and new home sales due for release today are expected to be mixed. LME zinc will move between USD 2,630-2,660/mt today. SHFE 1707 zinc will fluctuate between RMB 22,100-26,400/mt, with spot prices RMB 370-450/mt above SHFE 1706 zinc.

LME Zinc prices SHFE zinc prices zinc prices

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