SHANGHAI, Jul. 31 (SMM) – Zinc prices are expected to stay at high levels this week since fundamentals remain positive, SMM foresees.
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.
Notably, SHFE zinc may experience technical fall this week, SMM added.
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