SHANGHAI, Jun. 6 (SMM) – Sentix Investor Confidence Index for eurozone in June and eurozone April retail sales due for release today are not promising, and will weigh on zinc. LME zinc is expected to move between USD 2,460-2,570/mt today. SHFE 1707 zinc will fluctuate between RMB 21,100-21,550/mt, with spot prices RMB 20-0/mt below SHFE 1706 zinc and RMB 600-650/mt above SHFE 1707 zinc.
SHFE Zinc to Fall Further (2017-6-6)
Sentix Investor Confidence Index for eurozone in June and eurozone April retail sales due for release today are not promising, and will weigh on zinc.
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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