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