SHFE Zinc to Remain Range-Bound (2017-6-2)-Shanghai Metals Market

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SHFE Zinc to Remain Range-Bound (2017-6-2)

Price Review & Forecast 09:29:42AM Jun 02, 2017 Source:SMM

SHANGHAI, Jun. 2 (SMM) – LME zinc posted a 3-day losing streak, and is expected to weaken today, fluctuating between USD 2,550-2,590/mt. SHFE 1707 zinc will fluctuate between RMB 21,600-21,900/mt, with spot prices RMB 50-0/mt below SHFE 1706 zinc and RMB 650-700/mt above SHFE 1707 zinc. 

SHFE Zinc to Remain Range-Bound (2017-6-2)

Price Review & Forecast 09:29:42AM Jun 02, 2017 Source:SMM

SHANGHAI, Jun. 2 (SMM) – LME zinc posted a 3-day losing streak, and is expected to weaken today, fluctuating between USD 2,550-2,590/mt. SHFE 1707 zinc will fluctuate between RMB 21,600-21,900/mt, with spot prices RMB 50-0/mt below SHFE 1706 zinc and RMB 650-700/mt above SHFE 1707 zinc.