SHANGHAI, Jul. 10 (SMM) – Zinc prices are expected to fluctuate at high levels this week, SMM foresees.
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.
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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