Zinc to See Range-Bound Trading Next Week, SMM Predicts

Published: Dec 2, 2016 20:34

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LME zinc is expected to see range-bound trading and move between $2,680-2,780 per tonne next week, SMM predicts.

SHANGHAI, Dec. 2 (SMM) - LME zinc is expected to see range-bound trading and move between $2,680-2,780 per tonne next week, SMM predicts.

SHFE February zinc will fluctuate between 22,000-23,000 yuan per tonne.

Price volatility for SHFE zinc will weaken as long momentum was dampened after the Shanghai Futures Exchange (SHFE) set trading limit for lead and zinc futures contracts, SMM said.

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LME Zinc prices SHFE zinc prices zinc prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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