Zinc to Hover at Lows This Week, SMM Foresees

Published: May 8, 2017 11:41

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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.

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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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