SMM Zinc Price Forecast (Jun. 4-8)-Shanghai Metals Market

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SMM Zinc Price Forecast (Jun. 4-8)

SMM Insight 05:34:03PM Jun 04, 2012 Source:SMM

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.

Key Words:  zinc prices  

SMM Zinc Price Forecast (Jun. 4-8)

SMM Insight 05:34:03PM Jun 04, 2012 Source:SMM

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.

Key Words:  zinc prices