SHFE Zinc Price Move Review as of Mar 17

SHANGHAI, Mar 20 (SMM) - SHFE zinc: The prices were manipulated by macro sentiment last week. Early last week, SHFE zinc prices suffered pressure from the overseas macro sentiment and the expected refined zinc output of 560,400 mt in March. Galvanising companies maintained high operating rates. SHFE zinc prices remained rangebound in the peak season in China. In the second half of the week, affected by the Credit Suisse crisis, the bearish sentiment filled the market, thus SHFE zinc prices trended lower to more than 22,000 yuan/mt, hitting a new low in recent months. But then, under the support of fundamentals and the auto subsidies as well as real estate-related policies in Hubei, Chongqing and other places in China, SHFE zinc prices bottomed out.