Zinc to Remain Range-Bound (2017-8-31)-Shanghai Metals Market

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Zinc to Remain Range-Bound (2017-8-31)

Price Review & Forecast 09:57:27AM Aug 31, 2017 Source:SMM

SHANGHAI, Aug. 31 (SMM) – LME zinc is expected to move between USD 3,070-3,020/mt today. SHFE 1710 zinc will fluctuate between RMB 25,400-25,850/mt, with spot prices RMB 140-220/mt above SHFE 1709 zinc. US PCE due for release today is expected to to rise. Eurozone August CPI is also promising, meaning steady recovery in Europe 

Zinc to Remain Range-Bound (2017-8-31)

Price Review & Forecast 09:57:27AM Aug 31, 2017 Source:SMM

SHANGHAI, Aug. 31 (SMM) – LME zinc is expected to move between USD 3,070-3,020/mt today. SHFE 1710 zinc will fluctuate between RMB 25,400-25,850/mt, with spot prices RMB 140-220/mt above SHFE 1709 zinc. US PCE due for release today is expected to to rise. Eurozone August CPI is also promising, meaning steady recovery in Europe