LME Zinc to Strengthen Further (2016-11-9)

Price Review & Forecast 09:28:38AM Nov 09, 2016 Source:SMM

SHANGHAI, Nov. 9 (SMM) – China’s annualized October CPI and PPI slated for release today are promising. US presidential result will also be anno9unced today. Hilary is expected to win the election, so risk appetite will improve. LME zinc will move between USD 2,460-2,510/mt today, and SHFE 1701 zinc should fluctuate between RMB 19,900-20,400/mt today, with spot premiums of RMB 50-70/mt against SHFE 1612 zinc.

Key Words:   zinc  

LME Zinc to Strengthen Further (2016-11-9)

Price Review & Forecast 09:28:38AM Nov 09, 2016 Source:SMM

SHANGHAI, Nov. 9 (SMM) – China’s annualized October CPI and PPI slated for release today are promising. US presidential result will also be anno9unced today. Hilary is expected to win the election, so risk appetite will improve. LME zinc will move between USD 2,460-2,510/mt today, and SHFE 1701 zinc should fluctuate between RMB 19,900-20,400/mt today, with spot premiums of RMB 50-70/mt against SHFE 1612 zinc.

Key Words:   zinc