Big Chance Exists for Zinc Prices to Rise in Q2, SMM Interviews

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.  
 

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.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.