SHFE Zinc to Swing Widely (2017-9-12)-Shanghai Metals Market

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

Price Review & Forecast 09:47:31AM Sep 12, 2017 Source:SMM

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.  
 

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

Price Review & Forecast 09:47:31AM Sep 12, 2017 Source:SMM

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.