LME Zinc to See Range-Bound Trading (2017-9-6)-Shanghai Metals Market

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LME Zinc to See Range-Bound Trading (2017-9-6)

Price Review & Forecast 09:16:43AM Sep 06, 2017 Source:SMM

SHANGHAI, Sept. 6 (SMM) – LME zinc closed with losses due to risk aversion. Political instability in northeast Asia will lead to uncertainties. US July trade data and ISM non-manufacturing index will be released today. LME zinc is expected to move between USD 3,080-3,120/mt today. SHFE 1711 zinc slumped and will fluctuate between RMB 24,800-25,250/mt today, with spot prices RMB 200-380/mt above SHFE 1709 zinc. 

LME Zinc to See Range-Bound Trading (2017-9-6)

Price Review & Forecast 09:16:43AM Sep 06, 2017 Source:SMM

SHANGHAI, Sept. 6 (SMM) – LME zinc closed with losses due to risk aversion. Political instability in northeast Asia will lead to uncertainties. US July trade data and ISM non-manufacturing index will be released today. LME zinc is expected to move between USD 3,080-3,120/mt today. SHFE 1711 zinc slumped and will fluctuate between RMB 24,800-25,250/mt today, with spot prices RMB 200-380/mt above SHFE 1709 zinc.