LME Zinc to Maintain upward Momentum Next Week, SMM Foresees

Jul 1, 2016 15:57

LME zinc is expected to maintain upward momentum and fluctuate between $2,080-2,150 next week, SMM predicts.

SHANGHAI, Jul. 1 (SMM) –LME zinc is expected to maintain upward momentum and fluctuate between $2,080-2,150 next week, SMM predicts. September zinc on the SHFE will hover at highs between 16,000-16,800 yuan per tonne.

Market is still optimistic toward zinc fundamentals, and this will support zinc prices, SMM zinc analyst said.

Spot zinc price will report discounts of 80-30 yuan per tonne over September zinc, SMM added. Shipments from zinc smelters will be active.

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SHFE zinc prices

LME zinc prices

zinc smelters

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LME Zinc to Maintain upward Momentum Next Week, SMM Foresees

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