Growing Supply and Off-season Demand to Prevent Zinc Prices from Rising, SMM Interviews

Mar 2, 2015 15:00

Zinc market is expected to find no rising momentum in the short term due to growing supply and weak consumption, Shanghai Metals Market’s interview shows.

SHANGHA, Mar. 2 (SMM) – Zinc market is expected to find no rising momentum in the short term due to growing supply and weak consumption, Shanghai Metals Market’s interview shows.

“Chinese zinc smelters are now running at high utilization rate due to rising TCs for ore, and the arrivals of imported zinc also increase market supply,” an analyst from China Merchants Futures told SMM in an interview.

Demand, however, is now poor.

Growing supply against off-season demand will deprive zinc market of any rising momentum, the analyst added.

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Growing Supply and Off-season Demand to Prevent Zinc Prices from Rising, SMM Interviews

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