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

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

Price Review & Forecast 09:54:56AM Sep 15, 2017 Source:SMM

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

Price Review & Forecast 09:54:56AM Sep 15, 2017 Source:SMM

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.