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Market Players Predict LME Zinc May Rise to $1,900/MT
May. 07, 2013 10:28AM PST
Base Metals Investing 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.
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.
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