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.
SHFE Zinc to Weaken (2017-8-23)
LME zinc is expected to move between USD 3,080-3,130/mt today.
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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