Zinc to Continue Rising (2016-11-16)-Shanghai Metals Market

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Zinc to Continue Rising (2016-11-16)

Price Review & Forecast 09:25:56AM Nov 16, 2016 Source:SMM

SHANGHAI, Nov. 16 (SMM) – US October PPI and industrial output due for release today are expected to improve, driving up the US dollar.

LME zinc will move between USD 2,600-2,660/mt today, and SHFE 1701 zinc should fluctuate between RMB 21,230-21,800/mt today, with spot premiums of RMB 50-60/mt against SHFE 1701 zinc.

Key Words:  zinc prices 

Price

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1# Zinc
Apr.18
21860.0
-200.0
(-0.91%)
0# Zinc
Apr.18
21930.0
-200.0
(-0.90%)
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.18
22830.0
-200.0
(-0.87%)

Zinc to Continue Rising (2016-11-16)

Price Review & Forecast 09:25:56AM Nov 16, 2016 Source:SMM

SHANGHAI, Nov. 16 (SMM) – US October PPI and industrial output due for release today are expected to improve, driving up the US dollar.

LME zinc will move between USD 2,600-2,660/mt today, and SHFE 1701 zinc should fluctuate between RMB 21,230-21,800/mt today, with spot premiums of RMB 50-60/mt against SHFE 1701 zinc.

Key Words:  zinc prices