SHFE Zinc to Weaken (2017-8-23)

Published: Aug 23, 2017 09:17 (GMT+8)

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LME zinc is expected to move between USD 3,080-3,130/mt today.

SHANGHAI, Aug. 23 (SMM) – LME zinc is expected to move between USD 3,080-3,130/mt today. European Central Bank president’s speak and flash PMI from eurozone and the US, as well as EIA crude oil inventories will be eyed today. SHFE 1710 will weaken. When combined with restrictions by the SHFE, SHFE 1710 zinc will fluctuate between RMB 25,650-26,150/mt, with spot prices RMB 350-400/mt above SHFE 1709 zinc.

LME Zinc prices SHFE zinc prices zinc prices

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