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Home / Metal News / Zinc to See Range-Bound Trading This Week, SMM Predicts

Zinc to See Range-Bound Trading This Week, SMM Predicts

iconApr 24, 2017 11:47
Source:SMM
Zinc prices are expected to stay range-bound this week, SMM foresees.

SHANGHAI, Apr. 24 (SMM) – Zinc prices are expected to stay range-bound this week, SMM foresees.

LME zinc may consolidate in the range of $2,520-2,650 per tonne this week, SMM predicts. SHFE May zinc will move between 21,000-22,300 yuan per tonne.

Zinc Inventories Fall in China Major Markets, SMM Reports

China Zinc Concentrate TCs Change Little, SMM Reports

Spot trading inventories fell to a low recently. However, fundamentals, in a long-term point of view, will weaken, SMM said. In this scenario, zinc price will resist both increases and declines.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn. 

 

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 exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

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