SHFE Zinc to Have upward Momentum (2017-6-20)-Shanghai Metals Market

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SHFE Zinc to Have upward Momentum (2017-6-20)

Price Review & Forecast 09:33:40AM Jun 20, 2017 Source:SMM

SHANGHAI, Jun. 20 (SMM) – LME zinc broke through the 20-day moving average and has strong upward momentum, and is expected to move between USD 2,540-2,580/mt today. SHFE 1708 zinc is expected to fluctuate between RMB 21,280-21,600/mt, with spot prices RMB 560-830/mt above SHFE 1707 zinc. 

SHFE Zinc to Have upward Momentum (2017-6-20)

Price Review & Forecast 09:33:40AM Jun 20, 2017 Source:SMM

SHANGHAI, Jun. 20 (SMM) – LME zinc broke through the 20-day moving average and has strong upward momentum, and is expected to move between USD 2,540-2,580/mt today. SHFE 1708 zinc is expected to fluctuate between RMB 21,280-21,600/mt, with spot prices RMB 560-830/mt above SHFE 1707 zinc.