SHFE Zinc to Remain Range-Bound (2016-12-22)

Published: Dec 22, 2016 09:16
US PCE in November, Q3 GDP and durable goods orders due for release today are expected to be mixed.

SHANGHAI, Dec. 22 (SMM) – US PCE in November, Q3 GDP and durable goods orders due for release today are expected to be mixed. LME zinc will hover between USD 2,610-2,650/mt today, and SHFE 1702 zinc should fluctuate between RMB 21,100-21,400/mt today, with spot premiums of RMB 30-80/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.

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