Zinc to See Range-Bound Trading This Week, SMM Foresees

SHANGHAI, May. 15 (SMM) – Zinc prices are expected to stay at current levels this week, SMM foresees.

LME zinc may move in the range of $2,530-2,630 per tonne this week, SMM predicts. SHFE June zinc will move between 21,000-22,000 yuan per tonne. SHFE zinc found support from the 40-week moving average.

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Base metals will consolidate at current levels, SMM added.

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