SHANGHAI, Nov. 15 (SMM) - There will be positive and negative fundamental factors affecting zinc prices in 2017, SMM said at the 2016 SMM Summit.
Positive factors include resource exhaustion overseas, sliding TCs, falling zinc inventories, sharp decline in domestic zinc concentrate inventories and large upward room for galvanizing industry, SMM said.
However, structural reform in China will curb zinc demand growth. Besides, increasing new zinc smelting capacities coming online in 2016 will be a drag on zinc prices. Mines will restart after zinc prices rise, SMM added.
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