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Zinc Prices to Hover at High Levels This Week, SMM Foresees
Jul 10, 2017 11:27Source:SMM
Zinc prices are expected to fluctuate at high levels this week, SMM foresees.
SHANGHAI, Jul. 10 (SMM) – Zinc prices are expected to fluctuate at high levels this week, SMM foresees.
Chinese Zinc Mines Hold Zinc Concentrate TCs Firm despite Smelter Efforts, SMM Reports
LME zinc may move in the range of $2,720-2,800 per tonne this week, SMM predicts. SHFE August zinc, the most actively traded contract, will move between 22,400-23,000 yuan per tonne.
Zinc Inventories Back to Gains in China Major Markets, SMM Reports
China’s supplies will remain tight with fewer inflows of imported goods. Zinc inventories in Shanghai, Tianjin and Guangdong were still low. Fundamentals will positively affect zinc prices, SMM said.
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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 exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.
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