Home / Metal News / 46% of Participants Optimistic Towards Zinc Prices for Rest of Year, SMM Survey Says

46% of Participants Optimistic Towards Zinc Prices for Rest of Year, SMM Survey Says

iconMay 28, 2014 10:10
Source:SMM
46% of participants take a rosy outlook towards zinc prices for the rest of the year, Shanghai Metals Market learnt.

SHANGHAI, May 28 (SMM) – 46% of participants take a rosy outlook towards zinc prices for the rest of the year, Shanghai Metals Market learnt. 

The optimists are largely investment banks, funding companies and analysis institutions, believing the drying out of supply at overseas mines will support zinc prices, according to the SMM survey of participants at SMM’s 2014 Lead&Zinc Summit (May 21-24) held in Qingdao. 

The survey results also reveal that 39% are pessimistic over the outlook, while the remaining 15% have a neutral attitude towards the price. These pessimists and neutralists are mainly mines, smelters and downstream enterprises, a reflection of their concerns over market fundamentals. 
 
The survey covers 100 major market players, including 15 mines, 25 smelters, 20 downstream producers, 20 investment banks and funding companies, and 20 traders, institutions and others. 
 
SMM conference
SMM survey
China zinc price forecast

For queries, please contact Michael Jiang at michaeljiang@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news

SMM Events & Webinars

All