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Zinc to Move in Tight Range Next Week, SMM Foresees
Sep 23,2016 13:40
CSTprice review forecast
Source:SMM
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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