Shanghai Zinc Prices Lack Rising Momentum, SMM Interviews

SHANGHAI, Dec. 23 (SMM) – SHFE 1502 zinc prices, the most actively-traded zinc contract, closed slightly up at 16,370 yuan per tonne on Dec. 23, the only one non-ferrous metal product ending higher on the day. 

Will Shanghai zinc futures prices keep rising? 

Zinc futures prices will lack the strong upward momentum, with prices between 16,300-16,450 yuan per tonne for the most active one, an analyst from Ruida Futures told SMM in a most recent interview.   

“Trading is waning as the year-end is drawing near, and downstream buying activities will also refrain from tight liquidity,” the analyst said. 

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.