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The soaring LME zinc inventories will continue to weigh down zinc prices. SMM expects LME zinc to hover between USD 1,950-1,985/mt today. SHFE three-month zinc prices will move in the RMB 15,150-15,350/mt range and spot discounts over SHFE 1305 zinc contract are estimated between RMB 160-200/mt on Tuesday.
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