SHFE Zinc to Lack upward Momentum (2017-6-23)-Shanghai Metals Market

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SHFE Zinc to Lack upward Momentum (2017-6-23)

Price Review & Forecast 09:22:11AM Jun 23, 2017 Source:SMM

SHANGHAI, Jun. 23 (SMM) – LME zinc will get support due to short squeeze, and is expected to move between USD 2,660-2,720/mt today. SHFE 1708 zinc is expected to fluctuate between RMB 21,900-22,330/mt, with spot prices RMB 350-450/mt above SHFE 1707 zinc. 

SHFE Zinc to Lack upward Momentum (2017-6-23)

Price Review & Forecast 09:22:11AM Jun 23, 2017 Source:SMM

SHANGHAI, Jun. 23 (SMM) – LME zinc will get support due to short squeeze, and is expected to move between USD 2,660-2,720/mt today. SHFE 1708 zinc is expected to fluctuate between RMB 21,900-22,330/mt, with spot prices RMB 350-450/mt above SHFE 1707 zinc.