Zinc to Consolidate at Highs (2016-11-21)-Shanghai Metals Market

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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.

Price

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1# Zinc
Apr.19
21820.0
-40.0
(-0.18%)
0# Zinc
Apr.19
21890.0
-40.0
(-0.18%)
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.19
22790.0
-40.0
(-0.18%)

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.