Zinc Prices to Stay High This Week, SMM Foresees

Published: Jun 12, 2017 11:25

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Zinc prices are expected to fluctuate at high levels this week, SMM foresees.

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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zinc prices TCs zinc concentrate zinc inventories LME zinc prices SHFE zinc prices zinc ore zinc supply

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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