SHFE Zinc to Remain Range-Bound (2017-9-29)-Shanghai Metals Market

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SHFE Zinc to Remain Range-Bound (2017-9-29)

Price Review & Forecast 09:38:11AM Sep 29, 2017 Source:SMM

SHANGHAI, Sept. 29 (SMM) – LME zinc inventory continued falling, and the US dollar index weakened, driving up LME zinc. LME zinc is expected to move between USD 3,125-3,170/mt today. Eurozone September CPI and US August PCE price index will be released today. LME zinc market will remain open during Chinese National Day holiday. SHFE 1711 zinc will fluctuate between RMB 25,650-26,100/mt today, with spot prices RMB 40-100/mt above SHFE 1710 zinc. 

SHFE Zinc to Remain Range-Bound (2017-9-29)

Price Review & Forecast 09:38:11AM Sep 29, 2017 Source:SMM

SHANGHAI, Sept. 29 (SMM) – LME zinc inventory continued falling, and the US dollar index weakened, driving up LME zinc. LME zinc is expected to move between USD 3,125-3,170/mt today. Eurozone September CPI and US August PCE price index will be released today. LME zinc market will remain open during Chinese National Day holiday. SHFE 1711 zinc will fluctuate between RMB 25,650-26,100/mt today, with spot prices RMB 40-100/mt above SHFE 1710 zinc.