Zinc Imports Return to Profitability, Will This Help Ease Supply Tightness? SMM Reports

Published: Aug 18, 2017 19:46

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The SMM/LME zinc price ratio averaged 8.45 this past week, up from 8.37 a week earlier, turning import losses to premiums of 225-584 yuan per tonne.

SHANGHAI, Aug. 18 (SMM) – The SMM/LME zinc price ratio averaged 8.45 this past week, up from 8.37 a week earlier, turning import losses to premiums of 225-584 yuan per tonne.

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The import profit window reopened this past week, and more inflows of imported zinc are expected next week.

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Nonetheless, this will barely help alleviate supply tightness in the near term because domestic supply deficit is very severe, SMM said.

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zinc imports zinc prices zinc inventories LME zinc SHFE zinc

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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