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Zinc to Fluctuate in Tight Range (2016-11-17)
Nov 17, 2016 09:45Source:SMM
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
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