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DashboardDatabaseProReportsEventsConsultingSHANGHAI, Mar. 30 (SMM) –Attention should be on final reading of US’s GDP and PCE price index on Thursday. LME zinc will stay firm and move at USD 2,840-2,890/mt on Thursday. SHFE 1705 zinc closed higher on Wednesday’s night trading and found support at the 10-day moving average. The contract will test RMB 23,700/mt on Thursday and move between RMB 23,300-23,700/mt.
In China’s domestic market, downstream buyers show low purchase interest after zinc price increases. #0 zinc should trade at discounts of RMB 70-40/mt on Thursday.
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