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.