Today Zinc Price Forecast (2017-11-17)

Published: Nov 17, 2017 10:12

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Without more good news, SHFE Zinc is estimated to move between 24,650-25,150 yuan per tonne.

SHANGHAI, Nov.17 (SMM)－LME Zinc moves extremely instable. Although the low LME inventory during past ten years stimulates the bulls, with bearish atmosphere, LME Zinc is estimated to move between $3,120-3,165 per tonne. Today need to focus on US building license and housing start rate. SHFE Zinc moves weak, failing to stand above 15,000 yuan. Without more good news, SHFE Zinc is estimated to move between 24,650-25,150 yuan per tonne. Premium of 0#Spot Zinc again December is estimated to keep 240-320 yuan.

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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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