LME Zinc to Remain Range-Bound (2016-11-3)-Shanghai Metals Market

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LME Zinc to Remain Range-Bound (2016-11-3)

Industry News 09:25:17AM Nov 03, 2016 Source:SMM

SHANGHAI, Nov. 3 (SMM) – Market expectations of a Fed rate hike in December grew, and will allow the US dollar index to stabilize.

LME zinc will hover between USD 2,400-2,440/mt today, and SHFE 1701 zinc should fluctuate between RMB 19,300-19,500/mt today, with spot premiums of RMB 60-90/mt against SHFE 1612 zinc.

Key Words:  zinc prices 

LME Zinc to Remain Range-Bound (2016-11-3)

Industry News 09:25:17AM Nov 03, 2016 Source:SMM

SHANGHAI, Nov. 3 (SMM) – Market expectations of a Fed rate hike in December grew, and will allow the US dollar index to stabilize.

LME zinc will hover between USD 2,400-2,440/mt today, and SHFE 1701 zinc should fluctuate between RMB 19,300-19,500/mt today, with spot premiums of RMB 60-90/mt against SHFE 1612 zinc.

Key Words:  zinc prices