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.