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

Published: Aug 18, 2017 19:46

Save

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.

WBMS: World Zinc Deficit Deteriorate Sharply January-June

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

CNMC Signs MOU with Australia Zinc Explorer on Lead-Zinc Mine Project

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

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

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.

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

31 mins ago

SHFE Zinc Posted a Five-Day Winning Streak, with Its Center Edging Up Slightly [SMM Zinc Morning Comment]

[SMM Zinc Morning Comment] Last Friday, SHFE zinc recorded a five-day winning streak, with support provided by the 5-day and 10-day daily average lines below. In April, routine maintenance at smelters increased, and inventory continued destocking, while zinc fundamentals improved......

31 mins ago

33 mins ago

Zinc Fundamentals Improved, but Weak Macro Sentiment Limited Its Upside [SMM Morning Meeting Summary]

[SMM Morning Meeting Summary: Zinc Fundamentals Improved Slightly, but Weak Macro Sentiment Limited Its Gains] Last Friday, LME zinc posted a small bullish candlestick, with the 10-day moving average above acting as resistance. Although the risk of an escalation in the geopolitical conflict in the Middle East remained last Friday and macro sentiment was weak, concerns over mine-side energy supply arising from such an escalation also increased......

33 mins ago

Mar 27, 2026 15:59

Bullish and Bearish Factors Intertwined as SHFE and LME Zinc Prices Rose [SMM Market Review - Weekly Price Review]

[Mixed Bullish and Bearish Factors in the Market, SHFE and LME Zinc Prices Rose] At the beginning of the week, LME zinc continued last week's downward fluctuation trend; subsequently, the US dollar index dropped back slightly from its highs, and LME zinc rose; however, the ongoing escalation of the Middle East conflict, coupled with the renewed strength of the US dollar index, constrained the upside room for zinc prices, and the center of LME zinc gradually pulled back......

Mar 27, 2026 15:59