SMM Zinc Price Forecast (Apr.22- Apr.26)-Shanghai Metals Market

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SMM Zinc Price Forecast (Apr.22- Apr.26)

Price Review & Forecast 06:18:40PM Apr 22, 2013 Source:SMM

SHANGHAI, Apr. 22 (SMM) – Economic data from China, Europe and US has been mostly downbeat recently. The European debt crisis was thought to be easing once Cyprus applied for additional bailout funds, but markets are turning cautious again since the US Federal Reserve will discuss monetary policy again during the May Day holiday when markets are closed. Zinc prices should test USD 1,816.5/mt in the coming week, with SHFE three-month zinc contract prices testing RMB 14,000/mt. Spot discounts will find support from pre-holiday stocking, with discounts for #0 zinc against SHFE 1307 zinc contract prices expected at around RMB 50/mt.

 

Key Words:  zinc price 

SMM Zinc Price Forecast (Apr.22- Apr.26)

Price Review & Forecast 06:18:40PM Apr 22, 2013 Source:SMM

SHANGHAI, Apr. 22 (SMM) – Economic data from China, Europe and US has been mostly downbeat recently. The European debt crisis was thought to be easing once Cyprus applied for additional bailout funds, but markets are turning cautious again since the US Federal Reserve will discuss monetary policy again during the May Day holiday when markets are closed. Zinc prices should test USD 1,816.5/mt in the coming week, with SHFE three-month zinc contract prices testing RMB 14,000/mt. Spot discounts will find support from pre-holiday stocking, with discounts for #0 zinc against SHFE 1307 zinc contract prices expected at around RMB 50/mt.

 

Key Words:  zinc price