SHANGHAI, Jan. 13 (SMM) – China’s December trade data are promising, bolstering base metals. US December PPI is expected to fall short of November’s. The US dollar index will be dragged down. LME zinc will move between USD 2,700-2,760/mt, and SHFE 1703 zinc should fluctuate between RMB 22,350-22,650/mt today, with spot premiums of RMB 10-60/mt against SHFE 1702 zinc. Downstream buyers will remain on the sidelines.
LME Zinc to Move at Highs (2017-1-13)
China’s December trade data are promising, bolstering base metals. US December PPI is expected to fall short of November’s.
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