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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