SHANGHAI, Nov. 30 (SMM) – LME zinc prices are expected to move between USD 1,535-1,565/mt today. SHFE 1602 zinc contract prices will fluctuate between RMB 12,600-12,800/mt.
See forecast for other base metals, please click: Declines to Return in Base Metal Market This Week, SMM Says
In China’s spot markets, zinc smelters will sell modestly. But goods releases from hedge traders will keep supplies sufficient, constraining spot premiums between RMB 180-250/mt against SHFE 1601 zinc contract prices.