SMM SHFE Zinc Price Review last Week

SHANGHAI, Apr 3 (SMM) - SHFE zinc prices moved rangebound last week. Crude oil price move beefed up zinc prices early last week. In the meantime, the operating rate of ga enterprises slumped amid poor new orders, triggering panic about consumption. SHFE zinc prices grew slightly amid the long-short game. In the second half of last week, the prices opened at highs on eased panic over the banking crisis. Then the prices dropped slightly on the Fed's hawkish speeches, but the decreasing social inventory offered certain support to zinc prices, enabling the prices to move rangebound.