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.