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Fundamentals to Keep Zinc Prices High This Week, SMM Foresees
Jul 31, 2017 11:41Source:SMM
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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Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.
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