SHANGHAI, Nov. 25 (SMM) – LME zinc prices are expected to move between USD 1,580-1,610/mt today. SHFE 1601 zinc contract prices will hover between RMB 12,950-13,150/mt. SHFE 1612 zinc contracts may become the most actively traded contracts today.
See forecast for other base metals, please click: Shanghai Base Metals to See Short-Covering Rally, SMM Says
In China’s spot markets, zinc smelters will sell proactively as zinc prices rebounded, weighing down spot premiums. Spot #0 zinc prices will trade RMB 220-280/mt above SHFE 1601 zinc contract prices.