Zinc May Experience Technical Correction (2017-6-27)-Shanghai Metals Market

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

Price Review & Forecast 09:35:57AM Jun 27, 2017 Source:SMM

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.

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

Price Review & Forecast 09:35:57AM Jun 27, 2017 Source:SMM

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.