Zinc to Move in Tight Range Next Week, SMM Foresees

Published: Sep 23, 2016 13:40

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LME zinc is expected to move in a tight range between $2270-2330 per tonne in the coming week, SMM predicts.

SHANGHAI, Sep. 23 (SMM) - LME zinc is expected to move in a tight range between $2270-2330 per tonne in the coming week, SMM predicts. SHFE November zinc should fluctuate between 17,800-18,300 yuan per tonne.

Stock piling by Chinese downstream buyers before China’s National Day holiday will underpin base metals, SMM said.

Spot zinc in China will trade 70-110 yuan per tonne above SHFE November zinc, SMM added.

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