SHFE Zinc to Move Sideways (2017-6-28)-Shanghai Metals Market

Hot Keywords

  • Inventory data
  • Zinc
  • Production data
  • Market commentary
  • Macroeconomics
  • Morning comments
  • Futures movement
  • NPI
  • Copper
  • Aluminium
  • Nickel
  • Nickel ore
  • In the United States
  • trade negotiations
  • nickel laterite

SHFE Zinc to Move Sideways (2017-6-28)

Price Review & Forecast 09:36:25AM Jun 28, 2017 Source:SMM

SHANGHAI, Jun. 28 (SMM) – US existing home sales in May are promising. EIA crude oil inventories are expected to grow, supporting base metals. LME zinc is expected to move between USD 2,725-2,775/mt today. SHFE 1708 zinc is expected to fluctuate between RMB 22,290-22,650/mt, with spot prices RMB 180-280/mt above SHFE 1707 zinc. 

SHFE Zinc to Move Sideways (2017-6-28)

Price Review & Forecast 09:36:25AM Jun 28, 2017 Source:SMM

SHANGHAI, Jun. 28 (SMM) – US existing home sales in May are promising. EIA crude oil inventories are expected to grow, supporting base metals. LME zinc is expected to move between USD 2,725-2,775/mt today. SHFE 1708 zinc is expected to fluctuate between RMB 22,290-22,650/mt, with spot prices RMB 180-280/mt above SHFE 1707 zinc.