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

Published: Nov 24, 2015 09:52

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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

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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