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  

Price

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1# Zinc
Apr.19
21820.0
-40.0
(-0.18%)
0# Zinc
Apr.19
21890.0
-40.0
(-0.18%)
T/C for domestic zinc concentrate
Apr.01
6350.0
200.0
(3.25%)
T/C for imported zinc concentrate
Apr.01
240.0
5.0
(2.13%)
Zinc Alloy (Zamak3/ZX01)
Apr.19
22790.0
-40.0
(-0.18%)

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