LME Zinc Price to Find Solid Support from $2,000 Next Week
July 06, 2015 04:23:43 AM
According to SMM analysts, LME zinc prices are expected to find solid support at $2,000 per tonne from next week onwards.
By Paul Ploumis
BEIJING (SMM): LME zinc prices are expected to find solid support from $ 2,000 per tonne next week, SMM zinc analyst foresees, expecting prices to move between $ 2,000-2,060 per tonne.
"Contango on LME zinc narrowed to $ 2-5 per tonne this past week, and improving market sentiment will also help LME zinc price stabilize”, SMM zinc analyst explains.
Courtesy: www.metal.com
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