SMM Zinc Price Forecast (Oct.15-19)

Oct 15, 2012 16:09

The US dollar index finally met resistance after rising over the past week, and is expected to fluctuate around 80 in the near-term.

SHANGHAI, Oct. 15 (SMM) – The US dollar index finally met resistance after rising over the past week, and is expected to fluctuate around 80 in the near-term. Spain’s debt problems will continue to dominate markets, but China’s September CPI and 3Q GDP to be released in the coming week are also expected to be disappointing. Zinc prices should fluctuate weakly in the coming week, with LME zinc prices moving between USD 1,930-1,970/mt, and SHFE three-month zinc contract prices between RMB 15,000-15,300/mt, with spot discounts of RMB 200-260/mt.

SHFE 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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SMM Zinc Price Forecast (Oct.15-19)

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