SHFE Zinc to Remain Range-Bound (2016-12-5)

Published: Dec 5, 2016 09:16

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Caixin’s November service PMI for China and ISM’s November non-manufacturing PMI for the US will be released today, with the former promising.

SHANGHAI, Dec. 5 (SMM) – Caixin’s November service PMI for China and ISM’s November non-manufacturing PMI for the US will be released today, with the former promising. The US dollar index will be buoyed. Italy’s failed constitutional referendum will continue to affect the market. LME zinc will hover between USD 2,660-2,720/mt today, and SHFE 1702 zinc should fluctuate between RMB 22,100-22,700/mt today, with spot premiums of RMB 40-60/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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