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

Published: Jun 1, 2017 09:27

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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.

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.

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 communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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