SHFE Zinc to Move at RMB 12,300-12,500/mt (2015-12-4)

Published: Dec 4, 2015 09:50

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The US dollar is expected to gain ground today, while investors will remain cautious ahead of the release of US non-farm payrolls.

SHANGHAI, Dec. 4 (SMM) – The US dollar is expected to gain ground today, while investors will remain cautious ahead of the release of US non-farm payrolls. LME zinc prices are expected to move between USD 1,500-1,530/mt today. SHFE 1602 zinc contract prices will fluctuate between RMB 12,300-12,500/mt.

See forecast for other base metals, please click: Markets Stay Cautious ahead of US Non-farm Data after Drama Night, SMM Says

In China’s spot markets, zinc smelters will sell modestly, with additional arriving shipments of imported zinc, expanding price spread between domestic and imported zinc. Downstream buyers will purchase as needed. Spot premiums are expected to be RMB 110-180/mt against SHFE 1601 zinc contract prices.

Key Macroeconomic Indicators for Base Metal Prices (2015-12-4)

SHFE zinc prices LME zinc prices zinc prices

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