SHANGHAI, Jun. 16 (SMM) – LME zinc closed with gains but lacked upward momentum. US housing starts in May due for release today are promising, weighing on base metals. LME zinc is expected to move between USD 2,490-2,530/mt today. SHFE 1708 zinc is expected to fluctuate between RMB 20,900-21,200/mt, with spot prices RMB 500-550/mt above SHFE 1707 zinc.
SHFE Zinc to Stay Range-Bound (2017-6-16)
LME zinc closed with gains but lacked upward momentum.
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