SHANGHAI, Jul. 28 (SMM) – US Q2 GDP and PCE due for release today are mixed. The US dollar index will continue to rebound due to upbeat data from the US. LME zinc is expected to move between USD 2,785-2,820/mt today. SHFE 1709 zinc is expected to fluctuate between RMB 23,000-23,400/mt, with spot prices RMB 50/mt below or RMB 150/mt above SHFE 1708 zinc.
LME Zinc to Stay Range-Bound (2017-7-28)
US Q2 GDP and PCE due for release today are mixed.
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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