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

Published: Nov 8, 2016 10:14

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US general election result will be announced tomorrow morning. The market expects Hillary to win the election.

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.

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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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