Zinc Prices to Strengthen This Week, SMM Foresees

SHANGHAI, Jul. 3 (SMM) – Zinc prices are expected to stay at high levels this week, SMM foresees.

LME zinc may move in the range of $2,710-2,810 per tonne this week, SMM predicts. SHFE August zinc, the most actively traded contract, will move between 22,400-23,200 yuan per tonne.

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Fundamentals will give support to zinc prices, SMM said. Spot goods supplies are still tight. And inventories continued falling. 

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