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

Published: Nov 3, 2016 09:25

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Market expectations of a Fed rate hike in December grew, and will allow the US dollar index to stabilize.

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.

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Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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