China Zinc Imports Return to Loss Territory, SMM Reports

Published: Jun 27, 2017 10:51

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Zinc import profit inverted to loss due to falling SMM/LME zinc price ratio, SMM reported.

SHANGHAI, Jun. 27 (SMM) - Zinc import profit inverted to loss due to falling SMM/LME zinc price ratio, SMM reported.

Zinc Prices to Hold Strong This Week, SMM Foresees

The SMM/LME zinc price ratio fell from 8.7-8.8 to 8.4 as of June 26. Import losses expanded to 600 yuan per tonne, SMM data showed.

Influx of imported zinc thus declined, SMM added.

Zinc Inventories Add Further in China Major Markets, SMM Reports

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