LME Zinc to Move in Narrow Range (2017-7-7)_SMM | Shanghai Non ferrous Metals

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Home / Metal News / Zinc / LME Zinc to Move in Narrow Range (2017-7-7)

LME Zinc to Move in Narrow Range (2017-7-7)

Jul 7,2017 09:20

CST

SMM Comments

Source:SMM

ADP employment data were downbeat, and may support base metals.

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.

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