SHFE Zinc to Test Support from RMB 21,000/mt (2017-6-7)-Shanghai Metals Market

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SHFE Zinc to Test Support from RMB 21,000/mt (2017-6-7)

Price Review & Forecast 09:50:26AM Jun 07, 2017 Source:SMM

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)

Price Review & Forecast 09:50:26AM Jun 07, 2017 Source:SMM

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.