SHFE Zinc Not to Move Steadily (2017-8-25)-Shanghai Metals Market

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SHFE Zinc Not to Move Steadily (2017-8-25)

Price Review & Forecast 09:35:20AM Aug 25, 2017 Source:SMM

SHANGHAI, Aug. 25 (SMM) – Janet Yellen’s and Mario Draghi’s statement at the annual meeting of central banks will be eyed. Hurricane Harvey attacked the US, and some refineries in the US may be affected, fueling risk aversion.LME zinc is expected to move between USD 3,085-3,130/mt today. SHFE 1710 zinc will fluctuate between RMB 25,740-26,150/mt, with spot prices RMB 280-360/mt above SHFE 1709 zinc. 

SHFE Zinc Not to Move Steadily (2017-8-25)

Price Review & Forecast 09:35:20AM Aug 25, 2017 Source:SMM

SHANGHAI, Aug. 25 (SMM) – Janet Yellen’s and Mario Draghi’s statement at the annual meeting of central banks will be eyed. Hurricane Harvey attacked the US, and some refineries in the US may be affected, fueling risk aversion.LME zinc is expected to move between USD 3,085-3,130/mt today. SHFE 1710 zinc will fluctuate between RMB 25,740-26,150/mt, with spot prices RMB 280-360/mt above SHFE 1709 zinc.