Zinc Prices to Hold Strong This Week, SMM Foresees

SHANGHAI, Jun. 26 (SMM) – Zinc prices are expected to stay at highs this week, SMM foresees.

LME zinc may move in the range of $2,650-2,750 per tonne this week, SMM predicts. SHFE August zinc, the most actively traded contract, will move between 21,500-22,500 yuan per tonne.

Zinc Smelters to Hike Zinc Concentrate TCs, SMM Reports

Fundamentals will give support to zinc prices, SMM explained. Downstream consumption from downstream industries, including galvanizing and zinc oxide picked up in June. Meanwhile, supplies were still insufficient.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.