Shanghai Metals market SHANGHAI, Dec. 31 (SMM) - LME zinc prices should continue to rebound next week and fluctuate in a $1,580-1,650 per tonne range, SMM says.
China is expected to raise deficit ratio and cut tax in 2016, according to the Central Economic Working Conference. This should delight the commodity market.
March delivery zinc on the SHFE will rise to 13,200-13,700 yuan per tonne, said an SMM zinc analyst, helped by expectations of yuan’s devaluation.