LME Zinc to Edge down (2017-7-11)

Published: Jul 11, 2017 09:58

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LME zinc will drop slightly to RMB 2,750-2,800/mt on Tuesday, and SHFE 1709 zinc will keep falling to RMB 22,560-22,940/mt.

SHANGHAIM, Jul. 11 (SMM) – US dollar index broke through 96, weighing down base metals. LME zinc will drop slightly to RMB 2,750-2,800/mt on Tuesday, and SHFE 1709 zinc will keep falling to RMB 22,560-22,940/mt.

In China’s domestic market, #0 spot zinc should trade at premiums of RMB 160-300/mt on Tuesday.

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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