CALIFORNIA, Mar 5: Zinc prices may have a little more room to fall, according to some analysts attending the annual American Zinc Association meeting in California, while others are predicting some recovery with prices staying within current ranges to slightly higher.CRU International analyst Geoff Mason forecast weaker zinc price outlook, dropping to around $900 a tonne (41 cents a lb) by the end of 1999 with quarterly averages as low as $950 a tonne (43 cents a lb).
On the flip side, Brook Hunt managing director Huw Roberts painted a slightly different picture, forecasting an average 1999 zinc price of $1,100 a tonne (50 cents a lb). One major zinc producer was more inclined to agree with Roberts view, based on the fundamentals showing a balanced market.
Copyright © 1999 Indian Express Newspapers (Bombay) Ltd.
Printer-friendly page
