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SMM Zinc Price Forecast (Jun. 4-8)
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.
SMM Zinc Price Forecast (Jun. 4-8)
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.
