LME Zinc to Remain Strong (2016-11-4)-Shanghai Metals Market

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LME Zinc to Remain Strong (2016-11-4)

Price Review & Forecast 09:45:52AM Nov 04, 2016 Source:SMM

SHANGHAI, Nov. 4 (SMM) – US October non-farm employment data are expected to improve. The US dollar index will stop falling. LME zinc will rebound to USD 2,460-2,510/mt today, and SHFE 1701 zinc should fluctuate between RMB 19,750-20,050/mt today, with spot premiums of RMB 50-80/mt against SHFE 1612 zinc.

Key Words:  Zinc 

Price

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1# Zinc
Apr.22
21890.0
70.0
(0.32%)
0# Zinc
Apr.22
21960.0
70.0
(0.32%)
T/C for domestic zinc concentrate
Apr.01
6350.0
200.0
(3.25%)
T/C for imported zinc concentrate
Apr.01
240.0
5.0
(2.13%)
Zinc Alloy (Zamak3/ZX01)
Apr.19
22790.0
-40.0
(-0.18%)

LME Zinc to Remain Strong (2016-11-4)

Price Review & Forecast 09:45:52AM Nov 04, 2016 Source:SMM

SHANGHAI, Nov. 4 (SMM) – US October non-farm employment data are expected to improve. The US dollar index will stop falling. LME zinc will rebound to USD 2,460-2,510/mt today, and SHFE 1701 zinc should fluctuate between RMB 19,750-20,050/mt today, with spot premiums of RMB 50-80/mt against SHFE 1612 zinc.

Key Words:  Zinc