SHFE Zinc to Remain Range-Bound (2016-12-8)

Published: Dec 8, 2016 09:28

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Eruopean Central Bank will announce its interest rate decision at its policy meeting this evening.

SHANGHAI, Dec. 8 (SMM) – Eruopean Central Bank will announce its interest rate decision at its policy meeting this evening. China’s November trade data due for release today are expected to fall short of October’s. LME zinc will hover between USD 2,770-2,830/mt today, and SHFE 1702 zinc should fluctuate between RMB 22,900-23,500/mt today, with spot premiums of RMB 30-60/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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