SHANGHAI, Jun. 7 (SMM) – LME zinc is expected to move between USD 2,450-2,510/mt today. Some domestic zinc smelters undertook maintenance in June, with output growing slowly. But imported zinc flowed to China due to improved SMM/LME zinc price ratio, leaving supplies sufficient. SHFE 1707 zinc will fluctuate between RMB 21,050-21,300/mt, with spot prices RMB 0-50/mt above SHFE 1707 zinc.
SHFE Zinc to Test Support from RMB 21,000/mt (2017-6-7)
LME zinc is expected to move between USD 2,450-2,510/mt today.
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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