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Home / Metal News / SHFE Zinc to Hover at Highs (2017-5-25)

SHFE Zinc to Hover at Highs (2017-5-25)

May 25, 2017 09:35

LME zinc closed lower after 3-day winning streak, and found support from the 5- and 40-week moving averages.

SHANGHAI, May 25 (SMM) – LME zinc closed lower after 3-day winning streak, and found support from the 5- and 40-week moving averages. The market will continue to absorb news that the Fed will dial back balance sheet slowly, and stay cautious. LME zinc will move between USD 2,610-2,660/mt today. SHFE 1707 zinc will fluctuate between RMB 22,200-22,500/mt, with spot prices RMB 260-350/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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SHFE Zinc to Hover at Highs (2017-5-25)

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