SHFE Zinc to Remain Range-Bound (2016-12-6)

Published: Dec 6, 2016 09:29

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Eurozone final Q3 growth and US October durable goods orders will be released today.

SHANGHAI, Dec. 6 (SMM) – Eurozone final Q3 growth and US October durable goods orders will be released today. US data will fall short of September’s and forecast. LME zinc will hover between USD 2,740-2,800/mt today, and SHFE 1702 zinc should fluctuate between RMB 22,850-23,380/mt today, with spot premiums of RMB 20-50/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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