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