SHFE Zinc to Move at RMB 12,450-12,650/mt (2015-12-7)

Published: Dec 7, 2015 10:20

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The market will continue to absorb US strong non-farm payrolls and news that OPEC members will raise daily oil production.

SHANGHAI, Dec. 7 (SMM) – The market will continue to absorb US strong non-farm payrolls and news that OPEC members will raise daily oil production. LME zinc prices 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 at Lows to Grow in Base Metal Prices This Week, SMM Says

In China’s spot markets, zinc smelters will sell modestly, with additional arriving shipments of imported zinc. Traders will operate proactively. Spot premiums are expected to be RMB 100-150/mt against SHFE 1601 zinc contract prices.

Key Macroeconomic Indicators for Base Metal Prices (2015-12-7)

SHFE zinc prices LME zinc prices 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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