Zinc to Remain Range-Bound (2017-9-4)

Published: Sep 4, 2017 09:36

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LME zinc refreshed 10-year high. Hydrogen bomb test in North Korea succeeded, attracting market attention and growing geopolitical issue.

SHANGHAI, Sept. 4 (SMM) – LME zinc refreshed 10-year high. Hydrogen bomb test in North Korea succeeded, attracting market attention and growing geopolitical issue. Risk aversion thus grew.

LME zinc is expected to move between USD 3,190-3,235/mt today. SHFE 1710 zinc will fluctuate between RMB 26,000-26,450/mt, with spot prices RMB 50/mt below or RMB 100/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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