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SHFE Zinc to Climb (2017-7-25)

iconJul 25, 2017 09:19
LME zinc moved between moving averages.

SHANGHAI, Jul. 25 (SMM) – LME zinc moved between moving averages. The market will remain cautious before Fed’s decision. LME zinc is expected to move between USD 2,740-2,800/mt today. SHFE 1709 zinc is expected to fluctuate between RMB 22,880-23,120/mt, with spot prices RMB 20/mt below or RMB 160/mt above SHFE 1708 zinc. SHFE 1709 zinc opened at RMB 22,950/mt overnight, and closed at RMB 23,060/mt, up RMB 105/mt or 0.46%.

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