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Home / Metal News / LME Zinc to Face Downward Pressure (2017-9-20)

LME Zinc to Face Downward Pressure (2017-9-20)

Sep 20, 2017 09:44

Source:SMM

LME zinc contango turned into a backwardation of USD 29.5/mt.

SHANGHAI, Sept. 20 (SMM) – LME zinc contango turned into a backwardation of USD 29.5/mt. This may push LME zinc stocks up further, thus pressuring LME zinc prices. LME zinc will range USD 3,080-3,130/mt today, while the most active SHFE zinc will move at RMB 25,300-25,750/mt, with strong support.

#0 zinc will trade at premiums of RMB 300-460/mt over SHFE 1710 zinc.

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 exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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LME Zinc to Face Downward Pressure (2017-9-20)

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