LME Zinc to Remain at Highs (2016-11-10)

Price Review & Forecast 09:30:07AM Nov 10, 2016 Source:SMM

SHANGHAI, Nov. 10 (SMM) – Trump won the US general election, and the market will continue to absorb this news. Risk appetite improves. Base metals will remain strong.

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 2,480-2,520/mt today, and SHFE 1701 zinc should fluctuate between RMB 20,000-20,400/mt today, with spot premiums of RMB 50-60/mt against SHFE 1612 zinc.

Key Words:  zinc prices 

LME Zinc to Remain at Highs (2016-11-10)

Price Review & Forecast 09:30:07AM Nov 10, 2016 Source:SMM

SHANGHAI, Nov. 10 (SMM) – Trump won the US general election, and the market will continue to absorb this news. Risk appetite improves. Base metals will remain strong.

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 2,480-2,520/mt today, and SHFE 1701 zinc should fluctuate between RMB 20,000-20,400/mt today, with spot premiums of RMB 50-60/mt against SHFE 1612 zinc.

Key Words:  zinc prices