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Home / Metal News / SHFE Zinc to Remain Bullish (2015-12-25)

SHFE Zinc to Remain Bullish (2015-12-25)

Dec 25, 2015 09:24

Source:SMM

The LME market is closed today. SHFE 1602 zinc contract prices rose overnight due to the entry of longs, and will fluctuate between RMB 12,950-13,150/mt today.

SHANGHAI, Dec. 25 (SMM) – The LME market is closed today. SHFE 1602 zinc contract prices rose overnight due to the entry of longs, and will fluctuate between RMB 12,950-13,150/mt today.

See forecast for other base metals, please click: Shanghai to See Base Metal Price Rising Year-End, SMM Says

In China’s spot markets, zinc smelters will sell actively at higher prices. Sufficient imported zinc, combined with delivery of term contracts for domestic zinc, will increase spot discounts to RMB 0-120/mt against SHFE 1602 zinc contract prices.

Key Macroeconomic Indicators for Base Metal Prices (2015-12-25)

LME zinc prices

SHFE zinc prices

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

For more information on how to access our research reports, please email service.en@smm.cn

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SHFE Zinc to Remain Bullish (2015-12-25)

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