Zinc to Fluctuate at Highs (2016-11-22)-Shanghai Metals Market

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Zinc to Fluctuate at Highs (2016-11-22)

Price Review & Forecast 09:24:02AM Nov 22, 2016 Source:SMM

SHANGHAI, Nov. 22 (SMM) – US October existing home sales and Markit’s November manufacturing PMI due for release today will remain flat or fall short of market expectations. LME zinc will move between USD 2,540-2,600/mt today, and SHFE 1701 zinc should fluctuate between RMB 20,900-21,400/mt today, with spot premiums of RMB 70-90/mt against SHFE 1701 zinc.

Price

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1# Zinc
Apr.22
21890.0
70.0
(0.32%)
0# Zinc
Apr.22
21960.0
70.0
(0.32%)
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 Fluctuate at Highs (2016-11-22)

Price Review & Forecast 09:24:02AM Nov 22, 2016 Source:SMM

SHANGHAI, Nov. 22 (SMM) – US October existing home sales and Markit’s November manufacturing PMI due for release today will remain flat or fall short of market expectations. LME zinc will move between USD 2,540-2,600/mt today, and SHFE 1701 zinc should fluctuate between RMB 20,900-21,400/mt today, with spot premiums of RMB 70-90/mt against SHFE 1701 zinc.