LME Zinc to Rise Further (2016-11-2)

Price Review & Forecast 09:36:01AM Nov 02, 2016 Source:SMM

SHANGHAI, Nov. 2 (SMM) –ADP’s employment data for the US in October due for release today are expected to improve, allowing the US dollar index to stop falling.

LME zinc will rise to USD 2,450-2,490/mt today, and SHFE 1701 zinc should hover between RMB 19,600-19,800/mt today, with spot premiums of RMB 40-70/mt against SHFE 1612 zinc.

Key Words:  Zinc 

LME Zinc to Rise Further (2016-11-2)

Price Review & Forecast 09:36:01AM Nov 02, 2016 Source:SMM

SHANGHAI, Nov. 2 (SMM) –ADP’s employment data for the US in October due for release today are expected to improve, allowing the US dollar index to stop falling.

LME zinc will rise to USD 2,450-2,490/mt today, and SHFE 1701 zinc should hover between RMB 19,600-19,800/mt today, with spot premiums of RMB 40-70/mt against SHFE 1612 zinc.

Key Words:  Zinc