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

Published: May 15, 2017 16:20

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Zinc prices are expected to stay at current levels this week, SMM foresees.

SHANGHAI, May. 15 (SMM) – Zinc prices are expected to stay at current levels this week, SMM foresees.

LME zinc may move in the range of $2,530-2,630 per tonne this week, SMM predicts. SHFE June zinc will move between 21,000-22,000 yuan per tonne. SHFE zinc found support from the 40-week moving average.

China Zinc Concentrate TCs Hold Largely Steady, SMM Reports

Zinc Inventories Fall Further in China Major Markets, SMM Reports

Base metals will consolidate at current levels, 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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