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

Published: Apr 24, 2017 11:47

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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

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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