LME Zinc to Maintain upward Momentum Next Week, SMM Foresees-Shanghai Metals Market

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LME Zinc to Maintain upward Momentum Next Week, SMM Foresees

SMM Insight 03:57:26PM Jul 01, 2016 Source:SMM

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. 

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


LME Zinc to Maintain upward Momentum Next Week, SMM Foresees

SMM Insight 03:57:26PM Jul 01, 2016 Source:SMM

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. 

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