Fundamentals to Keep Zinc Prices High This Week, SMM Foresees

Published: Jul 31, 2017 11:41

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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.

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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.

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