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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.

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LME Zinc prices
SHFE zinc prices
zinc prices

For queries, please contact Michael Jiang at michaeljiang@smm.cn

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