LME Zinc to Set with Gains (2017-7-12)

Published: Jul 12, 2017 09:46

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LME zinc will keep rising to USD 2,790-2,840/mt on Wednesday, and SHFE 1709 zinc will fluctuate between RMB 22,930-23,350/mt.

SHANGHAIM, Jul. 12 (SMM) – Simmering Trump-Russia collusion event strengthens market risk aversion sentiment, depressing US dollar index. LME zinc will keep rising to USD 2,790-2,840/mt on Wednesday, and SHFE 1709 zinc will fluctuate between RMB 22,930-23,350/mt.

In China’s domestic market, spot zinc should trade at premiums of RMB 140-300/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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