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Zinc to Experience Big Volatility Next Week, SMM Predicts
Nov 18, 2016 18:02LME Zinc is expected to see increasing volatility and move between $2,480-2,580 per tonne next week, SMM predicts.
SHANGHAI, Nov. 18 (SMM) - LME Zinc is expected to see increasing volatility and move between $2,480-2,580 per tonne next week, SMM predicts.
SHFE January zinc will fluctuate between 20,300-21,100 yuan per tonne.
The likelihood of a Fed rate hike is increasing. This, coupled with strict regulations on futures market by Chinese government, will allow base metals to remain range-bound.
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LME Zinc prices
SHFE zinc prices
zinc prices
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