LME Zinc to Move between USD 1,520-1,550/mt (2015-11-24)

Nov 24, 2015 09:52

Source:SMM

LME zinc prices are expected to move between USD 1,520-1,550/mt today. SHFE 1601 zinc contract prices will hover between RMB 12,400-12,600/mt.

SHANGHAI, Nov. 24 (SMM) – LME zinc prices are expected to move between USD 1,520-1,550/mt today. SHFE 1601 zinc contract prices will hover between RMB 12,400-12,600/mt.

See forecast for other base metals, please click: Shanghai Zinc and Lead to Outperform Others, SMM Says

In China’s spot markets, major zinc smelters reached a consensus to hold back goods under small orders. Traders will thus hold back goods, leaving spot #0 zinc prices RMB 360-420/mt above SHFE 1601 zinc contract prices.

Key Macroeconomic Indicators for Base Metal Prices (2015-11-24)

LME zinc prices

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LME Zinc to Move between USD 1,520-1,550/mt (2015-11-24)

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