SHANGHAI, Jul. 17 (SMM) – Zinc prices are expected to continue fluctuating at high levels this week, SMM foresees.
LME zinc may move in the range of $2,750-2,850 per tonne this week, SMM predicts. SHFE August zinc, the most actively traded contract, will move between 22,700-23,500 yuan per tonne.
Recently, zinc inventories in Shanghai, Tianjin and Guangdong grew slightly. And there will be additional influx of imported zinc, SMM said.
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