Zinc Price to Consolidate at Highs This Week, SMM Predicts

Published: Mar 27, 2017 09:51

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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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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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