LME Zinc to Hover at Highs (2016-11-11)-Shanghai Metals Market

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

Price Review & Forecast 09:30:00AM Nov 11, 2016 Source:SMM

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.

Key Words:   zinc  

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

Price Review & Forecast 09:30:00AM Nov 11, 2016 Source:SMM

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.

Key Words:   zinc