LME Zinc May Have upward Momentum (2017-8-9)-Shanghai Metals Market

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LME Zinc May Have upward Momentum (2017-8-9)

Price Review & Forecast 09:33:52AM Aug 09, 2017 Source:SMM

SHANGHAI, Aug. 9 (SMM) –EIA crude oil inventories in the US last week are expected to fall, supporting oil prices and boosting base metals.LME zinc is expected to move between USD 2,840-2,900/mt today. SHFE 1710 zinc reached the highest from February 2017, and is expected to fluctuate between RMB 23,730-24,500/mt, with spot prices RMB 20/mt below or RMB 100/mt above SHFE 1709 zinc. 

LME Zinc May Have upward Momentum (2017-8-9)

Price Review & Forecast 09:33:52AM Aug 09, 2017 Source:SMM

SHANGHAI, Aug. 9 (SMM) –EIA crude oil inventories in the US last week are expected to fall, supporting oil prices and boosting base metals.LME zinc is expected to move between USD 2,840-2,900/mt today. SHFE 1710 zinc reached the highest from February 2017, and is expected to fluctuate between RMB 23,730-24,500/mt, with spot prices RMB 20/mt below or RMB 100/mt above SHFE 1709 zinc.