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SHFE Zinc to Perform Better than LME Zinc (2017-9-27)
Sep 27, 2017 09:44Source:SMM
LME zinc cancelled warrants rose 16.5%, the biggest rise since Friday.
SHANGHAI, Sept. 27 (SMM) – LME zinc cancelled warrants rose 16.5%, the biggest rise since Friday. Falling LME zinc stocks will support LME zinc prices. But, a firm dollar will pressure LME zinc prices. LME zinc should trade between USD 3,085-3,130/mt today. The most active SHFE zinc will move at RMB 25,300-25,750/mt. China will release August industrial value added at above-scale enterprises today. #0 zinc will trade at premiums of RMB 310-380/mt over SHFE 1710 zinc.
LME zinc prices
SHFE zinc prices
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