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

Hot Keywords

  • Zinc
  • Aluminium
  • MMi Iron Ore Port Index
  • Copper
  • Copper scrap
  • Rare earth
  • Futures movement
  • Production data
  • Aluminum
  • Morning comments
  • Inventory data
  • Evening comments
  • aluminum
  • Weiwang
  • Nickel

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

Price Review & Forecast 09:45:23AM Nov 17, 2016 Source:SMM

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.

Key Words:  zinc prices 

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

Price Review & Forecast 09:45:23AM Nov 17, 2016 Source:SMM

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.

Key Words:  zinc prices