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

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

iconFeb 4, 2013 18:43
Euro zone reports of February interest rates and December retail sales will be released in the coming week.

SHANGHAI, Feb. 4 (SMM) – Euro zone reports of February interest rates and December retail sales will be released in the coming week. Given overall optimistic economic conditions, LME zinc prices are expected to challenge USD 2,200/mt, and SHFE 1305 zinc contract prices should move between RMB 16,200-16,500/mt. Transactions will be muted in the last trading week before the holiday, with spot discounts remaining between RMB 290-330/mt.
 

SHFE 1305 zinc contract 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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