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SHFE Zinc to Hover at Highs (2017-5-25)
May 25,2017 09:35
CSTprice review forecast
Source:SMM
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.
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