Zinc Prices to Hold Strong This Week, SMM Foresees

Published: Jun 26, 2017 11:09

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Zinc prices are expected to stay at highs this week, SMM foresees.

SHANGHAI, Jun. 26 (SMM) – Zinc prices are expected to stay at highs this week, SMM foresees.

LME zinc may move in the range of $2,650-2,750 per tonne this week, SMM predicts. SHFE August zinc, the most actively traded contract, will move between 21,500-22,500 yuan per tonne.

Zinc Smelters to Hike Zinc Concentrate TCs, SMM Reports

Fundamentals will give support to zinc prices, SMM explained. Downstream consumption from downstream industries, including galvanizing and zinc oxide picked up in June. Meanwhile, supplies were still insufficient.

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LME Zinc prices SHFE zinc prices zinc prices

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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