SHANGHAI, Jun. 12 (SMM) – Zinc prices are expected to fluctuate at high levels this week, SMM foresees.
SMM Survey: China Zinc Smelters See Higher Raw Material Inventory Days as Ore Supplies Loosen
LME zinc may move in the range of $2,480-2,580 per tonne this week, SMM predicts. SHFE August zinc, the most actively traded contract, will move between 21,000-21,700 yuan per tonne.
China’s spot zinc supplies are tight for now, and will give support to zinc prices, SMM explained. Delivery for June zinc on the SHFE is due this week.
Guangdong Zinc Inventories Fall to Record Low, Pressure Mounts before Delivery, SMM Reports
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