SHANGHAI, May. 2 (SMM) – Zinc prices are expected to hover in a small range this week, SMM foresees.
LME zinc may move in the range of $2,580-2,680 per tonne this week, SMM predicts. SHFE June zinc will move between 21,500-22,300 yuan per tonne. SHFE zinc may find some support from the 5- and 10-day moving average this week.
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Medium to long-term shorts and short-term longs may keep zinc in range-bound trading, SMM added.
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