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Zinc Prices to Fluctuate in Narrow Range This Week, SMM Foresees
May 2, 2017 13:37Source:SMM
Zinc prices are expected to hover in a small range this week, SMM foresees.
SHANGHAI, May. 2 (SMM) – Zinc prices are expected to hover in a small range this week, SMM foresees.
LME zinc may move in the range of $2,580-2,680 per tonne this week, SMM predicts. SHFE June zinc will move between 21,500-22,300 yuan per tonne. SHFE zinc may find some support from the 5- and 10-day moving average this week.
China Zinc Concentrate TCs Little Changed, SMM Reports
Zinc Inventories Fall in China Major Markets, SMM Reports
Medium to long-term shorts and short-term longs may keep zinc in range-bound trading, SMM added.
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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 exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.
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