SHANGHAI, Jun. 12 (SMM) – Zinc prices are expected to fluctuate at high levels this week, SMM foresees.
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.
For news cooperation, please contact us by email: firstname.lastname@example.org or email@example.com.