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Home / Metal News / Weak Long Momentum to Constrain Zinc Price Gains, SMM Predicts

Weak Long Momentum to Constrain Zinc Price Gains, SMM Predicts

iconJan 6, 2017 20:42
Source:SMM
LME Zinc is expected to move between $2,550-2,650 per tonne next week, SMM predicts.

SHANGHAI, Jan. 6 (SMM) - LME Zinc is expected to move between $2,550-2,650 per tonne next week, SMM predicts.

SHFE March zinc will fluctuate between 20,800-21,500 yuan per tonne. Speculative investors prefer short-time operation for now, SMM explained.

Base metals will benefit from increased inflation. However, long momentum will be weak due to low-demand season for zinc. So, zinc will stay range-bound next week, SMM said. 

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn. 

LME Zinc prices
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For queries, please contact Michael Jiang at michaeljiang@smm.cn

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