SHFE Zinc to Remain Range-Bound (2017-6-5)

Jun 5, 2017 09:42

Markit’s service PMI for UK in May due for release today is expected to fall short of April’s.

SHANGHAI, Jun. 5 (SMM) – Markit’s service PMI for UK in May due for release today is expected to fall short of April’s. When combined with terrorist attack in the UK, risk aversion may increase, weighing down LME zinc. LME zinc is expected to move between USD 2,510-2,560/mt today. SHFE 1707 zinc will fluctuate between RMB 21,530-21,850/mt, with spot prices RMB 70-50/mt below SHFE 1706 zinc and RMB 580-600/mt above SHFE 1707 zinc. Caixin’s service PMI for China in May will also be eyed.

LME Zinc prices

SHFE zinc prices

zinc prices

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SHFE Zinc to Remain Range-Bound (2017-6-5)

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