SHANGHAI, Dec. 2 (SMM) – ADP’s November employment numbers for the US will be released today. LME zinc prices are expected to move between USD 1,560-1,590/mt today. SHFE 1602 zinc contract prices will fluctuate between RMB 12,700-12,900/mt.
See forecast for other base metals, please click: Shanghai Base Metal Prices to Get Support from Cut News, SMM Says
In China’s spot markets, zinc smelters will sell proactively to generate cash, with price spreads between domestic brands narrowing. Spot premiums are expected to be RMB 100-150/mt against SHFE 1601 zinc contract prices.