SHFE Zinc to Experience Corrections (2016-12-14)

Published: Dec 14, 2016 09:33
US November retail sales, PPI and industrial output due for release this evening are expected to be mixed. The market will remain cautious before the Fed announces interest rate decision.

SHANGHAI, Dec. 14 (SMM) – US November retail sales, PPI and industrial output due for release this evening are expected to be mixed. The market will remain cautious before the Fed announces interest rate decision.

LME zinc will hover between USD 2,700-2,760/mt today, and SHFE 1702 zinc should fluctuate between RMB 22,300-22,750/mt today, with spot discounts of RMB 60-30/mt against SHFE 1702 zinc.

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.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn