Market Players Predict LME Zinc May Rise to $1,900/MT

Shanghai Metals Market reported that of the market players it surveyed, 60 percent think that LME zinc prices are set to move in the range of US$1,860 to 1,900 per metric ton.

As quoted in the market news:

[60% of market players believe] SHFE 1308 zinc contract price should move between RMB 14,500-14,800/mt, with spot discounts around RMB 50/mt.

40% market players are pessimistic, believing LME zinc prices should fall and dip to USD 1,830/mt, and SHFE 1308 zinc contract prices will find support at RMB 14,150-14,300/mt, with spot discounts narrowing to RMB 10-50/mt.

Click here to read the full Shanghai Metals Market report.