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Home / Metal News / SMM Zinc Price Forecast (May 28- Jun. 1)

SMM Zinc Price Forecast (May 28- Jun. 1)

iconMay 28, 2012 17:43
Next week, zinc prices will continue to be affected by Greece's political stability, while the US dollar index should rise further and consolidate at the 82 level.

SHANGHAI, May 28 (SMM) -- Next week, zinc prices will continue to be affected by Greece's political stability, while the US dollar index should rise further and consolidate at the 82 level. LME zinc prices should find support at USD 1,850/mt and SHFE zinc prices should test RMB 14,200/mt. Spot prices are expected to be RMB 0-30/mt higher than futures prices, but cash flow problems at the end of the month will constrain spot transactions.

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.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

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