Fundamentals to Keep Zinc Prices High This Week, SMM Foresees

Published: Jul 31, 2017 11:41

Save

Zinc prices are expected to stay at high levels this week since fundamentals remain positive, SMM foresees.

SHANGHAI, Jul. 31 (SMM) – Zinc prices are expected to stay at high levels this week since fundamentals remain positive, SMM foresees.

Zinc Inventories Add in China Major Markets, SMM Reports

LME zinc may move in the range of $2,740-2,840 per tonne this week, SMM predicts. SHFE September zinc, the most actively traded contract, will move between 22,800-23,500 yuan per tonne.

China Zinc Concentrate TCs Hold Stable on Ore Tightness in August, SMM Reports

Notably, SHFE zinc may experience technical fall this week, SMM added.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

zinc prices TCs zinc concentrate zinc inventories LME zinc prices SHFE zinc prices zinc ore zinc supply

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.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

13 hours ago

[SMM Announcement] Notice on the Adjustment of Zinc Concentrate Production Indicators for Romina and Paragsha

13 hours ago

14 hours ago

Shanghai Zinc: Market Suppliers Continue to Hold Prices Firm; Shanghai Spot Premiums Uptrend Persists [SMM Midday Review]

[Shanghai Zinc: Suppliers Continued to Hold Prices Firm, Shanghai Spot Premiums Kept Rising] #0 zinc mainstream transaction prices were concentrated at 24,355-24,490 yuan/mt today, Shuangyan saw no transactions, and #1 zinc mainstream transactions were at 24,285-24,420 yuan/mt. In early trade, quotes against the SMM average price were at premiums of 50-60 yuan/mt, while there were no quotes against the futures price yet...

14 hours ago

Ningbo zinc: Zinc futures prices edge down, traders continue to raise spot zinc quotations [SMM Midday Review]

[Ningbo Zinc: Futures Zinc Price Edges Down, Traders Continue to Raise Spot Offers] In the Ningbo market, the transaction price of mainstream brand 0# zinc is around 24,345-24,460 yuan/mt. The quotes for conventional brands in Ningbo are at a premium of 35 yuan/mt against the 2608 contract, and a premium of 20 yuan/mt against Shanghai spot zinc. Mainstream offers in Ningbo are against the 2608 contract...

14 hours ago