SHANGHAI, Jul. 7 (SMM) – ADP employment data were downbeat, and may support base metals. LME zinc failed to break through USD 2,800/mt and is expected to move between USD 2,760-2,800/mt today. SHFE 1708 zinc is expected to fluctuate between RMB 22,650-22,960/mt, with spot prices RMB 20/mt below or RMB 130/mt above SHFE 1707 zinc.
![[Zinc ingot inventory increased on Monday, SHFE zinc consolidated at highs [SMM Zinc Futures Briefing]]](https://imgqn.smm.cn/usercenter/TeRBO20251217171754.jpg)


