Shanghai Refined Zinc Inventories High, Spot Premiums Rise Amid Favorable Local and Export Margins

Published: Jul 16, 2026 17:18

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[Shanghai Refined Zinc Market]

According to market sources, refined zinc inventories in Shanghai have remained at relatively high levels recently. However, favorable margins in the local invoice market, combined with the reopening of the export arbitrage window, have strengthened traders' willingness to hold firm on prices. As a result, spot premiums for refined zinc in the Shanghai market have continued to rise.

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