SHANGHAI, Mar. 30 (SMM) – LME zinc will meet resistance and move between USD 1,785-1,810/mt during Asian trading hours Wednesday.
SHFE 1605 zinc should range RMB 14,100-14,250/mt on Mar. 30. In China’s spot market, spot #0 zinc will be offered at discounts of RMB 50-90/mt against SHFE 1605 zinc. SMM #0 zinc should edge down RMB 50-100/mt. Zinc smelters are expected to maintain normal shipment to market and downstream buyers may purchase as needed.