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Home / Metal News / Zinc May Experience Technical Correction (2017-6-27)

Zinc May Experience Technical Correction (2017-6-27)

Jun 27, 2017 09:35

Profit at China’s large industrials in May and Conference Board’s June CCI for the US will be released today due for release today is optimistic.

SHANGHAI, Jun. 27 (SMM) – Profit at China’s large industrials in May and Conference Board’s June CCI for the US will be released today due for release today is optimistic. Zinc prices may hover at highs due to optimism in overseas markets. LME zinc is expected to move between USD 2,690-2,750/mt today. SHFE 1708 zinc is expected to fluctuate between RMB 21,890-22,150/mt, with spot prices RMB 230-330/mt above SHFE 1707 zinc. Cargo holders will purchase modestly and sell actively due to cash tightness.

LME Zinc prices

SHFE zinc prices

zinc prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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