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Home / Metal News / SHFE Zinc to Move at RMB 12,450-12,650/mt (2015-12-3)

SHFE Zinc to Move at RMB 12,450-12,650/mt (2015-12-3)

Dec 3, 2015 09:36

Source:SMM

LME zinc prices fell below all moving averages and are expected to move between USD 1,530-1,560/mt today.

SHANGHAI, Dec. 3 (SMM) – LME zinc prices fell below all moving averages and are expected to move between USD 1,530-1,560/mt today. SHFE 1602 zinc contract prices will fluctuate between RMB 12,450-12,650/mt.

See forecast for other base metals, please click: Volatility up in Base Metal Market on Sensitive News, SMM Says

In China’s spot markets, zinc smelters will sell proactively to generate cash, with trade between traders lackluster. Downstream buyers will purchase as needed. Spot premiums are expected to be RMB 120-160/mt against SHFE 1601 zinc contract prices.

Key Macroeconomic Indicators for Base Metal Prices (2015-12-3)

LME zinc prices

For queries, please contact Michael Jiang at michaeljiang@smm.cn

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SHFE Zinc to Move at RMB 12,450-12,650/mt (2015-12-3)

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