SHFE Zinc to Fall Further (2017-6-6)-Shanghai Metals Market

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SHFE Zinc to Fall Further (2017-6-6)

Price Review & Forecast 09:38:43AM Jun 06, 2017 Source:SMM

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)

Price Review & Forecast 09:38:43AM Jun 06, 2017 Source:SMM

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.