SHFE Zinc Still Has Support (2017-8-21)

Published: Aug 21, 2017 09:39

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LME zinc opened low but closed higher last Friday, posting the biggest weekly gain over the past 9 months. Zinc inventories continued falling.

SHANGHAI, Aug. 21 (SMM) – LME zinc opened low but closed higher last Friday, posting the biggest weekly gain over the past 9 months. Zinc inventories continued falling.

LME zinc is expected to move between USD 3,110-3,160/mt today. SHFE 1710 zinc opened high and closed lower, and will fluctuate between RMB 26,050-26,450/mt, with spot prices RMB 320-400/mt above SHFE 1709 zinc.

LME Zinc prices SHFE zinc prices 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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