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Zinc to See Range-Bound Trading Next Week, SMM Predicts
Dec 2, 2016 20:34Source:SMM
LME zinc is expected to see range-bound trading and move between $2,680-2,780 per tonne next week, SMM predicts.
SHANGHAI, Dec. 2 (SMM) - LME zinc is expected to see range-bound trading and move between $2,680-2,780 per tonne next week, SMM predicts.
SHFE February zinc will fluctuate between 22,000-23,000 yuan per tonne.
Price volatility for SHFE zinc will weaken as long momentum was dampened after the Shanghai Futures Exchange (SHFE) set trading limit for lead and zinc futures contracts, SMM said.
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