LME Zinc to Fluctuate Wildly Next Week-Shanghai Metals Market

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LME Zinc to Fluctuate Wildly Next Week

SMM Insight 03:43:52PM May 13, 2016 Source:SMM

SHANGHAI, May 13 (SMM) – LME zinc is expected to fluctuate widely between $1,830-1,950 per tonne next week, SMM says, citing selling pressure.

July zinc on the SHFE will move between 14,600-15,300 yuan per tonne, SMM added. Long buyers will enter the market, but their withdrawal after profit-taking will constrain price gains.

Spot zinc in China will trade 50-0 yuan per tonne below July zinc.

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


LME Zinc to Fluctuate Wildly Next Week

SMM Insight 03:43:52PM May 13, 2016 Source:SMM

SHANGHAI, May 13 (SMM) – LME zinc is expected to fluctuate widely between $1,830-1,950 per tonne next week, SMM says, citing selling pressure.

July zinc on the SHFE will move between 14,600-15,300 yuan per tonne, SMM added. Long buyers will enter the market, but their withdrawal after profit-taking will constrain price gains.

Spot zinc in China will trade 50-0 yuan per tonne below July zinc.

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