LME Zinc to Remain Range-Bound (2017-9-15)

Published: Sep 15, 2017 09:54

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LME zinc inventories stopped growing after increasing for 2 straight days.

SHANGHAI, Sept. 15 (SMM) – LME zinc inventories stopped growing after increasing for 2 straight days. LME zinc lacked upward momentum. North Korea launched a guided missile, driving down the US dollar. Risk aversion will grow today.

LME zinc is expected to move between USD 2,985-3,035/mt today. SHFE 1711 zinc will fluctuate between RMB 24,500-24,900/mt today, with spot prices RMB 250-450/mt above SHFE 1710 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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