Update - Zinc Prices to Continue to Fluctuate at High Levels This Week, SMM Foresees

Published: Jul 24, 2017 13:27

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Zinc prices are expected to fluctuate at high levels this week, SMM foresees.

SHANGHAI, Jul. 24 (SMM) – Zinc prices are expected to fluctuate at high levels this week, SMM foresees.

Zinc Inventories Return to Declines in China Major Markets, SMM Reports

LME zinc may move in the range of $2,730-2,800 per tonne this week, SMM predicts. SHFE September zinc, the most actively traded contract, will move between 22,500-23,200 yuan per tonne.

China Zinc Concentrate TCs Left Untouched, SMM Reports

Zinc consumption is not weak despite the low-demand months of July and August. Zinc inventories in Shanghai, Tianjin and Guangdong were still low. This will continue to bolster 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 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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