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Home / Metal News / Zinc Prices to Fall in Coming Week, SMM Foresees

Zinc Prices to Fall in Coming Week, SMM Foresees

May 27, 2017 17:04

Source:SMM

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

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Zinc Prices to Fall in Coming Week, SMM Foresees

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