Recovery in Zinc Price Ratio to Precipitate More Zinc Imports to Shanghai, SMM Reports

Published: May 16, 2017 16:34

Save

The SMM/LME zinc price ratio has been recovering from mid-to-late March, helping narrow losses on imported zinc to 162 yuan per tonne, SMM reported.

SHANGHAI, May 16 (SMM) - The SMM/LME zinc price ratio has been recovering from mid-to-late March, helping narrow losses on imported zinc to 162 yuan per tonne, SMM reported.

Shanghai thus witnessed an influx of imported zinc recently. Some 10,000 tonnes of zinc ingot was imported in early May, which is mainly Mexican and India zinc.

Environmental Protection Takes a Toll on Galvanized Pipe Plants in Hebei’s Handan, SMM Reports

Continuous inflows of imported zinc arrived in Shanghai this week, consisting of Spanish and Indian brands. Arriving shipments are expected to be nearly 10,000 tonnes, SMM reckons.

Inflows of imported zinc in the market weighed down spot premiums of domestic brands in Shanghai market. Spot premiums of domestic #0 zinc narrowed from 300 yuan per tonne from late April to 250 yuan per tonne, SMM data show.

Narrowing Losses to Drive More Imported Zinc to Shanghai, SMM Reports

With narrowing import losses, additional inflows of imported zinc are expected in the near term, SMM expects. Prices for domestic brands will be weighed on.

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

zinc prices zinc zinc imports zinc exports

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

Jun 5, 2026 16:18

Zinc Prices Fluctuated at Highs, Guangdong Spot Premiums Fell This Week [SMM Guangdong Spot Weekly Review]

[Zinc Price Fluctuates at Highs, Guangdong Premiums Fall This Week] This week, Guangdong premiums fell WoW by 15 yuan/mt. As of this Friday, mainstream 0# zinc in Guangdong was quoted at a discount of 90-60 yuan/mt against the market. The Shanghai-Guangdong price spread remained...

Jun 5, 2026 16:18

Jun 5, 2026 16:16

Off-Season Characteristics Increasingly Prominent, Die-Casting Zinc Alloy Starts Lower [SMM Die-Casting Zinc Alloy Weekly Review]

[Off-Season Characteristics Becoming Increasingly Prominent, Die-Casting Zinc Alloy Operating Rate Declines] In terms of downstream demand, zipper order demand in China has been mediocre recently, while demand for luggage and apparel zippers is weak. End-use demand for jewelry and hardware has also slowed down. Regarding export orders, some orders for hardware products exported to the Middle East have been continuously decreasing, but orders shipped to Southeast Asia have been generally normal...

Jun 5, 2026 16:16

Jun 5, 2026 16:15

Finished Product Inventories Rise, Zinc Oxide Operating Rate Continues to Decline [SMM Zinc Oxide Weekly Review]

[Finished Product Inventories Rise, Zinc Oxide Operating Rate Continues to Decline] This week, the operating rate of zinc oxide enterprises recorded 57.11%, down 0.34 percentage points WoW. On the inventory side, due to weakening end-use demand in some segments, some enterprises' finished products experienced inventory buildup...

Jun 5, 2026 16:15