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Home / Metal News / SMM Zinc Price Forecast (Jun. 4-8)

SMM Zinc Price Forecast (Jun. 4-8)

Jun 4, 2012 17:34

The US dollar index should rise slightly in the coming week or stabilize near 83. LME zinc prices should fall to USD 1,860/mt and continue to meet resistance at USD 1,880/mt upon rebounding.

SHANGHAI, Jun. 4 (SMM) -- The US dollar index should rise slightly in the coming week or stabilize near 83. LME zinc prices should fall to USD 1,860/mt and continue to meet resistance at USD 1,880/mt upon rebounding. SHFE zinc prices should fall and test RMB 14,500/mt. Goods available in the market are limited since smelters were holding goods. Spot prices are expected to be near RMB 20/mt above SHFE three-month zinc contract prices.

zinc prices

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.

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