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Home / Metal News / Will Zinc Frenzy Ease after SHFE Price-Control? SMM Reports

Will Zinc Frenzy Ease after SHFE Price-Control? SMM Reports

iconAug 22, 2017 17:30
Source:SMM
Fundamentals in zinc market remain unchanged at present. When combined with strong bullishness, zinc prices will remain high in the near term, SMM said.

SHANGHAI, Aug. 22 (SMM) – Fundamentals in zinc market remain unchanged at present. When combined with strong bullishness, zinc prices will remain high in the near term, SMM said.

China to Delete Some Metals from Scrap Import Embargo List

But the SHFE released restrictions on zinc contract positions. At the meantime, inflows of imported zinc are expected after the import profit window reopens. This will impact domestic spot market.

SHFE Releases Restrictions on Zinc Contract Transaction

In this scenario, investors should be wary of technical fallbacks after longs leave the market after profit-taking, SMM warns. 

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn. 

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For queries, please contact William Gu at williamgu@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

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