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.

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SHFE Zinc to Remain Range-Bound (2016-12-22) - Shanghai Metals Market (SMM)