Zinc Prices to Fall in Coming Week, SMM Foresees

Published: May 27, 2017 17:04

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Zinc prices are expected to fall slightly in the coming week, SMM foresees.

SHANGHAI, May. 27 (SMM) – Zinc prices are expected to fall slightly in the coming week, SMM foresees.

China Zinc Concentrate TCs Rise in Some Markets, SMM Reports

LME zinc may move in the range of $ 2,600-2,680 per tonne in the coming week, SMM predicts. SHFE July zinc will move between 21,950-22,550 yuan per tonne. The SHFE market will have no trading on May 29-30 due to the Chinese Dragon Boat Festival.

Zinc Inventories Continue Falling in China Major Markets, SMM Reports

SHFE zinc will meet resistance from the 20-week moving average, and see technical fall in the coming week, 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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