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

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

Price Review & Forecast 05:43:52PM May 28, 2012 Source:SMM

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.

Price

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Aluminum Ingot
Oct.18
14000.0
40.0
(0.29%)
Aluminum Ingot - Fo Shan
Oct.18
13960.0
30.0
(0.22%)
Aluminum Ingot - Wu Xi
Oct.18
14000.0
20.0
(0.14%)
Aluminum Ingot - Hang Zhou
Oct.18
14040.0
55.0
(0.39%)
Aluminum Ingot - Chong Qing
Oct.18
13980.0
60.0
(0.43%)

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

Price Review & Forecast 05:43:52PM May 28, 2012 Source:SMM

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.