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Home / Metal News / Zinc to Hover at Lows This Week, SMM Foresees

Zinc to Hover at Lows This Week, SMM Foresees

iconMay 8, 2017 11:41
Source:SMM
Zinc prices are expected to hover at low levels this week, SMM foresees.

SHANGHAI, May. 8 (SMM) – Zinc prices are expected to hover at low levels this week, SMM foresees.

LME zinc may move in the range of $2,520-2,630 per tonne this week, SMM predicts. SHFE July zinc will move between 20,900-21,850 yuan per tonne. SHFE zinc may look for support from the 4-week moving average this week.

Zinc Inventories Fall in China Major Markets, SMM Reports

China Zinc Concentrate TCs Mixed, Imported Ore TCs Rise, SMM Reports

Continuously falling zinc inventories will support zinc prices. But downstream consumption was hurt by environmental protection reasons. In this scenario, zinc prices will meet resistance to rise, SMM added. 

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

LME Zinc prices
SHFE zinc prices
zinc prices

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

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

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