LME Zinc Prices to Rise Next Week

Published: Aug 28, 2015 15:17

Save

LME zinc prices are expected to rise next week, moving between $1,730-1,800 per tonne, SMM predicts.

SHANGHAI, Aug. 28 (SMM) -LME zinc prices are expected to rise next week, moving between $1,730-1,800 per tonne, SMM predicts.

“Momentum will improve as major economic indicators from the US slated for release next week are promising”, said an SMM zinc analyst.

SHFE zinc contracts for October delivery will trade between 14,400-14,800 yuan per tonne. SHFE zinc prices are expected to face pressure since some investors may close positions before the three days holiday for the 70th anniversary of the victory of the War against Japanese Aggression.

Spot prices in China will trade 50-100 yuan per tonne above October delivery SHFE zinc contracts. Soft downstream demand and ample supplies of imported zinc will weigh on domestic zinc prices.

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

LME zinc prices SHFE zinc prices Shanghai zinc prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn