SHFE Zinc to Swing Widely (2017-9-12)

Published: Sep 12, 2017 09:47

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OPEC will release monthly crude oil market report today.

SHANGHAI, Sep. 12 (SMM) –OPEC will release monthly crude oil market report today. China will release August social financing and M2 money supply today. LME zinc will move at USD 3,070-3,110/mt, with resistance at 5-day and 20-day moving averages. The most active SHFE zinc will trade at RMB 24,820-25,250/mt, with fierce competition between longs and shorts. #0 zinc will trade at premiums of RMB 350-540/mt over SHFE 1810 zinc.

LME zinc prices SHFE zinc prices zinc prices base metal price forecast

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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