SMM Zinc Price Forecast (Oct.15-19)

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.