SMM February 6 News: This week, the SHFE/LME zinc price ratio pulled back to around 7.4, and the import window for zinc ingots remained closed. Overseas, influenced by investors weighing the policy prospects under Wash's leadership of the US Fed and the US manufacturing sector returning to expansion territory in January, the US dollar index continued its upward trend, and LME zinc's center declined. Subsequently, with ongoing destocking of overseas social inventory, prices found support at the bottom, and LME zinc maintained a fluctuating trend. Domestically, dragged down by the LME, SHFE zinc moved lower, domestic social inventory continued to build up, spot consumption showed mediocre performance, and coupled with weakening precious metals, SHFE zinc mainly fluctuated at lows. Overall, the SHFE/LME price ratio declined. It is expected that next week, the SHFE/LME price ratio may continue to decrease.
