SHANGHAI, May 19 (SMM) – The price of #0 zinc in China’s domestic market will likely climb to 18,000 yuan per tonne during 2H 2015, SMM Lead&Zinc Summit reports.
“#0 zinc price will trade between 16,500-17,500 yuan per tonne for the rest of year, and may peak at 18,000 yuan,” said Wang Ye, deputy general manager of BGRIMM Lilan Consulting Corp.
China will see zinc consumption improve during 2H 2015, Wang said at the 2015 SMM Lead&Zinc Summit on May 13-15.
Wang predicted at the summit zinc consumption will grow 4.5% to 6.87 million tonnes for the whole year.
The growth room for zinc production, one the other hand, will be small as current operation rate is already high, Wang added.
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