Zinc to Consolidate at Highs (2016-11-14)-Shanghai Metals Market

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Zinc to Consolidate at Highs (2016-11-14)

Price Review & Forecast 09:47:10AM Nov 14, 2016 Source:SMM

SHANGHAI, Nov. 14 (SMM) – Value added at China’s large industrials in October, and consumer goods retail sales due for release this morning are expected to be upbeat.

LME zinc will move between USD 2,470-2,520/mt today, and SHFE 1701 zinc should fluctuate between RMB 20,400-20,900/mt today, with spot premiums of RMB 40-50/mt against SHFE 1701 zinc.

Key Words:  zinc prices 

Zinc to Consolidate at Highs (2016-11-14)

Price Review & Forecast 09:47:10AM Nov 14, 2016 Source:SMM

SHANGHAI, Nov. 14 (SMM) – Value added at China’s large industrials in October, and consumer goods retail sales due for release this morning are expected to be upbeat.

LME zinc will move between USD 2,470-2,520/mt today, and SHFE 1701 zinc should fluctuate between RMB 20,400-20,900/mt today, with spot premiums of RMB 40-50/mt against SHFE 1701 zinc.

Key Words:  zinc prices