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SMM 2017 Lead & Zinc Summit: Zinc Price Outlook for 2017
May 19, 2017 19:08Source:SMM
Zinc prices are expected to edge lower slightly in 2017, SMM zinc analyst said at the SMM 2017 Lead & Zinc Summit.
SHANGHAI, May 19 (SMM) - Zinc prices are expected to edge lower slightly in 2017, SMM zinc analyst said at the SMM 2017 Lead & Zinc Summit.
SHFE zinc will consolidate at highs, but the bottom will inch lower, and look for support from 20,000 yuan per tonne.
NBS: China Zinc Output down 5.6% in April
LME 3-month zinc will move between $2,200-2,900 per tonne in 2017, and SHFE 3-month zinc will hover in a range of 18,500-23,000 per tonne, the zinc analyst added.
WBMS: Global Zinc Market Sees 86,000 tonnes Glut in First Quarter
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