Zinc Price to Rebound Next Week, SMM Predicts

Published: Mar 17, 2017 18:46

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Zinc prices are expected to rebound in the coming week, SMM foresees.

SHANGHAI, Mar. 17 (SMM) – Zinc prices are expected to rebound in the coming week, SMM foresees.

Will Zinc Get Boost after Output Cut Deal? SMM Reports

LME zinc will rally to $2,800-2,900 per tonne next week, SMM predicts. SHFE May zinc will rise to 22,800-24,000 yuan per tonne.

Long momentum is still strong. Output cut plan at Chinese smelters will be a positive factor. If LME zinc breaches $2,850 per tonne, prices will point toward $2,900 per tonne, 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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