SHANGHAI, Apr. 13 (SMM) – Zinc prices will have a big chance to rise during the second quarter of the year, Shanghai Metals Market’s interview finds.
Production worries from environmental drive and demand expectations following China’s One Belt, One Road policy, and loosing in housing market will be the major price driver, Jinyou Futures said to SMM.
The ongoing stricter environmental protection inspections across the nation, especially in some regions, will prevent utilization rate at domestic zinc smelters from rising significantly, and this will serve as a major supporter to zinc price.
The US’s potential hike in its interest rate, however, will be negative to zinc price, but the supply and demand side will remain the leading factor.
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