Zinc to Rise Further Next Week, SMM Predicts-Shanghai Metals Market

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Zinc to Rise Further Next Week, SMM Predicts

SMM Insight 06:08:50PM Nov 11, 2016 Source:SMM

SHANGHAI, Nov. 11 (SMM) - LME Zinc is expected to rebound next week and move between $2,500-2,600 per tonne, SMM predicts.

SHFE January zinc will fluctuate between 20,000-21,00 yuan per tonne. 

Good macroeconomic indicators and market expectations of Chinese yuan’s devaluation will bolster base metals, SMM said. 

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn. 

Price

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#1 Refined Cu
Apr.22
49450.0
20.0
(0.04%)
Yangshan Copper Premium(Bill of Lading)
Apr.22
51.5
0.0
(0.00%)
Yangshan Copper Premium(Warehouse Warrant)
Apr.22
50.5
0.0
(0.00%)
Imported Cu Concentrate TC(Cu≥26%,Week)
Apr.19
67.0
-1.5
(-2.19%)
Imported Cu Concentrate TC(Cu≥26%,Month)
Mar.29
73.5
-6.0
(-7.55%)

Zinc to Rise Further Next Week, SMM Predicts

SMM Insight 06:08:50PM Nov 11, 2016 Source:SMM

SHANGHAI, Nov. 11 (SMM) - LME Zinc is expected to rebound next week and move between $2,500-2,600 per tonne, SMM predicts.

SHFE January zinc will fluctuate between 20,000-21,00 yuan per tonne. 

Good macroeconomic indicators and market expectations of Chinese yuan’s devaluation will bolster base metals, SMM said. 

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.