LME Zinc to Stay Weak (2017-6-14)-Shanghai Metals Market

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LME Zinc to Stay Weak (2017-6-14)

Price Review & Forecast 09:15:11AM Jun 14, 2017 Source:SMM

SHANGHAI, Jun. 14 (SMM) – LME zinc is expected to move between USD 2,435-2,485/mt today. US annualized CPI and retail sales will be released today. Eurozone CPI and US PPI will be released today. SHFE 1708 zinc meet strong resistance from the 5- and 10-da moving average, and is expected to fluctuate between RMB 20,550-21,000/mt, with spot prices RMB 950-1,200/mt above SHFE 1707 zinc. Value-added at China’s large industrials for May will be released today.

LME Zinc to Stay Weak (2017-6-14)

Price Review & Forecast 09:15:11AM Jun 14, 2017 Source:SMM

SHANGHAI, Jun. 14 (SMM) – LME zinc is expected to move between USD 2,435-2,485/mt today. US annualized CPI and retail sales will be released today. Eurozone CPI and US PPI will be released today. SHFE 1708 zinc meet strong resistance from the 5- and 10-da moving average, and is expected to fluctuate between RMB 20,550-21,000/mt, with spot prices RMB 950-1,200/mt above SHFE 1707 zinc. Value-added at China’s large industrials for May will be released today.