Zinc: Q1 price forecasts raised

January 09, 2018 / www.metalbulletinresearch.com / Article Link

Zinc has opened 2018 in a buoyant mood; LME 3-month zinc has set a fresh high of $3,390/tonne at the start of this week. The fundamentals point to a supply deficit, exchange stocks are falling and demand looks robust, driven by concerted global growth. At the same time higher prices are likely to attract more interest in forward selling and may attract more idle capacity restarts, but the outlook remains bullish overall.

Key bullish assumptions for the year ahead

Global visible refined zinc stocks came under heavy pressure last year due to structural tightness; LME-SHFE stocks combined dropped 331,069 tonnes in 2017. The 25,075 tonnes of fresh warrant cancellations last week signals the...

ACCESS RESTRICTED

To read the rest of this analysis please take a free sample or subscribe


FREE Sample


Receive a free sample of  market analysis and price forecasts.

Free Sample

SUBSCRIBE


Receive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it’s published.

Subscribe

Recent News

Crypto market size continues to catch up with gold

November 18, 2024 / www.canadianminingreport.com

Crypto stealing some of gold's thunder

November 18, 2024 / www.canadianminingreport.com

Gold stocks drop on metal price decline

November 11, 2024 / www.canadianminingreport.com

US a major market for Canadian mineral exports

November 11, 2024 / www.canadianminingreport.com

Gold stocks down along with broad equities decline

November 04, 2024 / www.canadianminingreport.com
See all >
Share to Linkedin