LME Zinc to Hover at Highs (2016-11-11)

Published: Nov 11, 2016 09:30

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LME copper rose over 10% this week, precipitating exit of shorts.

SHANGHAI, Nov. 11 (SMM) – LME copper rose over 10% this week, precipitating exit of shorts. LME zinc will move between USD 2,510-2,560/mt today, and SHFE 1701 zinc should fluctuate between RMB 20,500-20,800/mt today, with spot premiums of RMB 40-70/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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