Zinc Price to Hold Strong Reaping Fundamental Benefits, SMM Foresees

Published: Aug 7, 2017 13:41

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Zinc prices will fluctuate at highs this week since fundamentals will continue to underpin zinc prices, SMM foresees.

SHANGHAI, Aug. 7 (SMM) – Zinc prices will fluctuate at highs this week since fundamentals will continue to underpin zinc prices, SMM foresees.

Zinc Trading Recovers across China Major Markets, SMM Reports

LME zinc may move in the range of $2,780-2,850 per tonne this week, SMM predicts. SHFE September zinc, the most actively traded contract, will move between 23,000-23,800 yuan per tonne.

Zinc Inventories Hold Stable in China Major Markets, SMM Reports

Some smelters have yet to totally recover from maintenance. Meanwhile, imports are still limited. Zinc inventories are still at low levels. Consumption is steady as a whole. These factors will bolster zinc prices, SMM explained.

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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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