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SHFE Zinc to Experience Corrections (2016-12-14)
Dec 14, 2016 09:33Source: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.
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.
LME Zinc prices
SHFE zinc prices
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