Zinc to Hover at Highs (2016-11-23)-Shanghai Metals Market

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Zinc to Hover at Highs (2016-11-23)

Price Review & Forecast 09:13:40AM Nov 23, 2016 Source:SMM

SHANGHAI, Nov. 23 (SMM) – US October durable goods orders and Markit’s November manufacturing PMI slated for release today are expected to top market expectations, which will drive up the US dollar.

LME zinc will move between USD 2,560-2,620/mt today, and SHFE 1701 zinc should fluctuate between RMB 21,300-21,700/mt today, with spot premiums of RMB 50-80/mt against SHFE 1701 zinc.

Zinc to Hover at Highs (2016-11-23)

Price Review & Forecast 09:13:40AM Nov 23, 2016 Source:SMM

SHANGHAI, Nov. 23 (SMM) – US October durable goods orders and Markit’s November manufacturing PMI slated for release today are expected to top market expectations, which will drive up the US dollar.

LME zinc will move between USD 2,560-2,620/mt today, and SHFE 1701 zinc should fluctuate between RMB 21,300-21,700/mt today, with spot premiums of RMB 50-80/mt against SHFE 1701 zinc.