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Zinc to See Range-Bound Trading This Week, SMM Foresees
May 15, 2017 16:20Source:SMM
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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