SHANGHAI, Nov. 26 (SMM) – Investors will remain cautious as US markets are closed today due to the Thanksgiving Day holiday. LME zinc prices are expected to move between USD 1,560-1,590/mt today. SHFE 1602 zinc contract prices will hover between RMB 12,700-12,900/mt.
See forecast for other base metals, please click: Base Metals Close with Gains Despite Strong Dollar, SMM Says
In China’s spot markets, zinc smelters will sell normally. Shipments arriving from Guangdong to Shanghai will weigh down spot premiums in Shanghai. Spot #0 zinc prices will trade RMB 160-250/mt above SHFE 1601 zinc contract prices.