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.
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