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LME Zinc to Stay Firm (2017-5-24)
May 24,2017 09:43
CSTprice review forecast
Source:SMM
LME zinc will trade at USD 2,640-2,680/mt and SHFE 1707 zinc will stay firm at RMB 22,300-22,700/mt on Wednesday.
SHANGHAI, May 24 (SMM) – LME zinc will maintain upward momentum on Wednesday with support at the moving averages but meeting resistance at the 10-week moving average. The contract will trade at USD 2,640-2,680/mt. SHFE 1707 zinc advanced for 4 days in a row and will stay firm at RMB 22,300-22,700/mt on Wednesday.
In China’s domestic market, spot prices will be RMB 340-410/mt higher than SHFE 1706 zinc.
SHFE zinc
LME zinc
zinc prices
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