Weak Long Momentum to Constrain Zinc Price Gains, SMM Predicts

Jan 6, 2017 20:42

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.

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LME Zinc prices

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Weak Long Momentum to Constrain Zinc Price Gains, SMM Predicts

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