Zinc to Fluctuate in Tight Range (2016-11-17)

Published: Nov 17, 2016 09:45

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US October CPI before seasonally adjusted and US annualized October housing starts in October due for release this evening are promising.

SHANGHAI, Nov. 17 (SMM) – US October CPI before seasonally adjusted and US annualized October housing starts in October due for release this evening are promising. This will drive up the US dollar and weigh down zinc.

LME zinc will move between USD 2,560-2,620/mt today, and SHFE 1701 zinc should fluctuate between RMB 20,870-21,420/mt today, with spot premiums of RMB 50-60/mt against SHFE 1701 zinc.

zinc prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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