LME Zinc to Rise Further (2016-11-8)-Shanghai Metals Market

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LME Zinc to Rise Further (2016-11-8)

Price Review & Forecast 10:14:24AM Nov 08, 2016 Source:SMM

SHANGHAI, Nov. 8 (SMM) – US general election result will be announced tomorrow morning. The market expects Hillary to win the election. The US dollar index rose, while risk appetite grew. LME zinc will move between USD 2,470-2,510/mt today, and SHFE 1701 zinc should fluctuate between RMB 19,950-20,250/mt today, with spot premiums of RMB 60-80/mt against SHFE 1612 zinc.

Key Words:  zinc prices 

Price

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1# Zinc
Apr.23
21850.0
-40.0
(-0.18%)
0# Zinc
Apr.23
21920.0
-40.0
(-0.18%)
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.23
22820.0
-40.0
(-0.17%)

LME Zinc to Rise Further (2016-11-8)

Price Review & Forecast 10:14:24AM Nov 08, 2016 Source:SMM

SHANGHAI, Nov. 8 (SMM) – US general election result will be announced tomorrow morning. The market expects Hillary to win the election. The US dollar index rose, while risk appetite grew. LME zinc will move between USD 2,470-2,510/mt today, and SHFE 1701 zinc should fluctuate between RMB 19,950-20,250/mt today, with spot premiums of RMB 60-80/mt against SHFE 1612 zinc.

Key Words:  zinc prices