LME Zinc to Move at USD 1,535-1,565/mt (2015-12-1)

Published: Dec 1, 2015 09:24

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China’s official and Caixin’s November PMI will be released today.

SHANGHAI, Dec. 1 (SMM) – China’s official and Caixin’s November PMI will be released today. Both Minxin manufacturing and service PMI in November slid, meaning Chinese economy is on its way down. This will depress market sentiment.

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: Shanghai Base Metals to Diverge, SMM Says

In China’s spot markets, zinc smelters will sell modestly. Traders will keep spot premiums high, selling at highs whilst buying at lows, with spot premiums between RMB 120-200/mt against SHFE 1601 zinc contract prices.

Key Macroeconomic Indicators for Base Metal Prices (2015-12-1)

LME zinc prices SHFE 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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