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SHFE Zinc Prices to Grow with Xi's Visit to Russia
Mar 20, 2023 16:10Source:SMM
If the Russia-Ukraine crisis is eased with Chinese President Xi Jinping's visit to Russia, it is expected that the pace of overseas production resumption may speed up.
SHANGHAI, Mar 20 (SMM) - If the Russia-Ukraine crisis is eased with Chinese President Xi Jinping's visit to Russia, it is expected that the pace of overseas production resumption may speed up, which may drive up the SHFE/LME zinc price ratio. Zinc prices in China will not grow sharply with the support of fundamentals but will be manipulated by the macro front. Zinc prices will be 22,200-23,200 yuan/mt this week.
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