SHANGHAI, Sept. 5 (SMM) – LME zinc refreshed 10-year high. LME zinc is expected to move between USD 3,180-3,225/mt today. Eurozone service PMI in August, the Reserve Bank of Australia’s interest rate decision and cash interest rate target will be eyed. SHFE 1711 zinc will fluctuate between RMB 25,900-26,350/mt, with spot prices RMB 30/mt below or RMB 120/mt above SHFE 1709 zinc.
Zinc to See Range-Bound Trading (2017-9-5)
LME zinc refreshed 10-year high. LME zinc is expected to move between USD 3,180-3,225/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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