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Zinc Market to See Range-Bound Trading This Week, SMM Foresees
Jun 19, 2017 14:59Source:SMM
Zinc prices are expected to remain range-bound this week, SMM foresees.
SHANGHAI, Jun. 19 (SMM) – Zinc prices are expected to remain range-bound this week, SMM foresees.
LME zinc may move in the range of $2,480-2,570 per tonne this week, SMM predicts. SHFE August zinc, the most actively traded contract, will move between 20,800-21,500 yuan per tonne.
China Zinc Concentrate TCs Stabilize, SMM Reports
Supplies will increase after delivery. But some downstream producers will step up production after environmental protection push. This will give support to zinc prices, SMM explained.
Zinc Inventories Grow in China Major Markets, SMM Reports
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Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.
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