LME Zinc to Hover at Lows Next Week

Published: Mar 25, 2016 15:36

Save

LME zinc will fluctuate between $1,750-1,830 per tonne next week, constrained by the strong US dollar index, SMM says.

SHANGHAI, Mar. 25 (SMM) – LME zinc will fluctuate between $1,750-1,830 per tonne next week, constrained by the strong US dollar index, SMM says.

But LME zinc inventories continued falling, and China’s zinc stocks have also fallen for three weeks in a row. This should lend some support to zinc.

May zinc on the SHFE will weaken to 13,900-14,400 yuan per tonne. Spot zinc will trade 80-20 yuan per tonne below May zinc.

A few zinc smelters will refrain from selling on low zinc prices. Downstream buying interest will decline at the month’s end.

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

LME zinc prices SHFE zinc prices zinc smelters

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