SHANGHAI, Oct. 9 (SMM) – Zinc price in China’s domestic market is expected to trend higher in October, an analyst from Shanghai CIFCO Futures predicts in a most recent SMM’s interview.
Orders at Chinese galvanizers and zinc oxide producers usually grow in Q4, and this will boost demand for zinc ingot, the analyst told SMM.
“Physical supply is tight now, with spot premiums in east China’s zinc market as high as 200 yuan per tonne”, he said.
Concern over supply disruptions of zinc ore will continue to lure investors into zinc market, he added.
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