LME Zinc to Stay Firm (2017-7-5)

Published: Jul 5, 2017 09:26

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LME zinc will trade at USD 2,775-2,805/mt on Wednesday and SHFE 1709 zinc will keep rising with price range at RMB 22,800-23,130/mt.

SHANGHAIM, Jul. 5 (SMM) – Attention should be on Eurozone’s retail sales in May and US’s factory orders on Wednesday, which will be mixed. LME zinc will trade at USD 2,775-2,805/mt on Wednesday and SHFE 1709 zinc will keep rising with price range at RMB 22,800-23,130/mt.

In China’s domestic market, spot zinc should trade at discounts of RMB 20/mt to premiums of RMB 130/mt on Wednesday.

SHFE zinc LME zinc zinc prices

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

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