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SHFE Zinc to Lack Upward Momentum (2017-7-24)

iconJul 24, 2017 09:18
Source:SMM
LME zinc met pressure from the 20-day moving average and is expected to move between USD 2,730-2,780/mt today.

SHANGHAI, Jul. 24 (SMM) – LME zinc met pressure from the 20-day moving average and is expected to move between USD 2,730-2,780/mt today. Eurozone and US service and manufacturing PMIs are due for release today. SHFE 1709 zinc is expected to lack upward momentum and will fluctuate between RMB 22,640-22,030/mt, with spot prices RMB 10/mt below or RMB 200/mt above SHFE 1708 zinc. 

LME Zinc prices
SHFE zinc prices
zinc prices

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