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.
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.
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