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

Published: Nov 21, 2016 09:29

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European Central Bank President Macro Draghi will speak today. The US dollar index is expected to rise further, weighing on zinc.

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.

LME Zinc prices SHFE zinc prices 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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