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Zinc Price to Consolidate at Highs This Week, SMM Predicts
Mar 27, 2017 09:51Source:SMM
Zinc prices are expected to move at highs this week, SMM foresees.
SHANGHAI, Mar. 27 (SMM) – Zinc prices are expected to move at highs this week, SMM foresees.
LME zinc will rally to $2,780-2,900 per tonne next week, SMM predicts. SHFE May zinc will fluctuate in a range of 22,900-23,900 yuan per tonne.
Fundamentals are still positive as a whole with spot trading inventories falling, SMM said. This is due mainly to recovery in downstream demand.
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