Zinc Price to Hold Strong Reaping Fundamental Benefits, SMM Foresees

Published: Aug 7, 2017 13:41

Save

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.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

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.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

14 hours ago

Peru's Zinc Concentrates Output Rises 3.7% MoM in March 2026, Down 5.9% YoY

[Peruvian Zinc Concentrates Production] According to the Peruvian Mining Statistics Bulletin, Peru's zinc concentrates production in March 2026 was 112,400 mt, up 3.7% MoM and down 5.9% YoY, with cumulative zinc concentrates production totaling 327,800 mt, January-March 2026, up 2% YoY.

14 hours ago

15 hours ago

China Inventory Declined Slightly, Zinc Prices Maintained a Fluctuating Trend at Highs [SMM Zinc Futures Brief]

[China Inventory Declined Slightly, Zinc Prices Hovered at Highs with Fluctuating Trend] The most-traded SHFE zinc 2607 contract opened at 24,910 yuan/mt. After the opening, SHFE zinc continued its strong trend and rose gradually, reaching a high of 24,980 yuan/mt during the session. Subsequently, bears increased open interest and SHFE zinc pulled back, touching a low of 24,790 yuan/mt near the close, and finally settled down at 24,805 yuan/mt, falling 105 yuan/mt or 0.42%. Trading volume increased to 39,394 lots, and open interest increased by 5,978 lots to 96,413 lots.....

15 hours ago

16 hours ago

Data: SHFE, DCE market movement (May 21)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 21 May , 2026

16 hours ago