Zinc to Consolidate at Highs (2016-11-21)

Price Review & Forecast 09:29:41AM Nov 21, 2016 Source:SMM

SHANGHAI, Nov. 21 (SMM) – European Central Bank President Macro Draghi will speak today. The US dollar index is expected to rise further, weighing on zinc.

LME zinc will move between USD 2,530 -2,590/mt today, and SHFE 1701 zinc should fluctuate between RMB 20,600-21,000/mt today, with spot premiums of RMB 70-90/mt against SHFE 1701 zinc.

Zinc to Consolidate at Highs (2016-11-21)

Price Review & Forecast 09:29:41AM Nov 21, 2016 Source:SMM

SHANGHAI, Nov. 21 (SMM) – European Central Bank President Macro Draghi will speak today. The US dollar index is expected to rise further, weighing on zinc.

LME zinc will move between USD 2,530 -2,590/mt today, and SHFE 1701 zinc should fluctuate between RMB 20,600-21,000/mt today, with spot premiums of RMB 70-90/mt against SHFE 1701 zinc.