SHFE Zinc to Remain Range-Bound (2017-6-1)-Shanghai Metals Market

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SHFE Zinc to Remain Range-Bound (2017-6-1)

Price Review & Forecast 09:27:17AM Jun 01, 2017 Source:SMM

SHANGHAI, Jun. 1 (SMM) – Manufacturing PMIs from China, US and Europe and Caixin’s manufacturing PMI for China in May due for release today are expected to fall slightly. LME zinc will move between USD 2,580-2,630/mt today. SHFE 1707 zinc will fluctuate between RMB 21,700-22,100/mt, with spot prices RMB 500-600/mt above SHFE 1707 zinc. 

SHFE Zinc to Remain Range-Bound (2017-6-1)

Price Review & Forecast 09:27:17AM Jun 01, 2017 Source:SMM

SHANGHAI, Jun. 1 (SMM) – Manufacturing PMIs from China, US and Europe and Caixin’s manufacturing PMI for China in May due for release today are expected to fall slightly. LME zinc will move between USD 2,580-2,630/mt today. SHFE 1707 zinc will fluctuate between RMB 21,700-22,100/mt, with spot prices RMB 500-600/mt above SHFE 1707 zinc.