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Home / Metal News / Zinc to Move in Tight Range Next Week, SMM Foresees

Zinc to Move in Tight Range Next Week, SMM Foresees

Sep 23, 2016 13:40

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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LME zinc rose over 6% last week, rising to USD 2,150/mt.

Jul 5, 2016 09:28

SMM Comments

SHFE Zinc Prices Post Declines (Feb. 17, 2016)

SHFE 1604 zinc contract prices opened at RMB 13,660/mt on Tuesday evening and closed at RMB 13,655/mt, down RMB 60/mt.

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SMM Comments

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LME zinc is expected to fluctuate at highs between $1,550-1,630 per tonne next week.

Jan 29, 2016 16:17

SMM Insight

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Jan 18, 2016 10:08

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Jan 7, 2016 19:06

Industry

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Zinc to Move in Tight Range Next Week, SMM Foresees

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