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.
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