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Home / Metal News / SHFE Zinc to Remain Range-Bound (2016-12-23)

SHFE Zinc to Remain Range-Bound (2016-12-23)

Dec 23, 2016 09:26

Source:SMM

US November new home sales UK’s Q3 GDP will be released today, with US data promising.

SHANGHAI, Dec. 23 (SMM) – US November new home sales UK’s Q3 GDP will be released today, with US data promising. LME zinc will hover between USD 2,610-2,660/mt today, and SHFE 1702 zinc should fluctuate between RMB 21,150-21,600/mt today, with spot premiums of RMB 80-160/mt against SHFE 1702 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 exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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After SHFE zinc prices rose, traders mostly took a wait-and-see attitude in the spot market, SMM reported.

Aug 30, 2017 18:18

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LME zinc will move between USD 2,800-2,850/mt today, and SHFE 1705 zinc should fluctuate between RMB 22,900-23,400/mt today, with spot prices RMB 80-50/mt below SHFE 1704 zinc.

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SMM Comments

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SHFE Zinc to Remain Range-Bound (2016-12-23)

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