Linkage Effects to Support SHFE Zinc, with LME Spot Zinc Shortage

SHANGHAI, Nov.2 (SMM)－This week increased tonnes of LME cancelled warrants accords with inventories change completely. Those cancelled warrants has probably converted into spot and flown into the market, Current premium of LME spot keeps as high as $55-60 per tonne. Concerning data, LME spot supply is quite tense, which accords with strong tendency of LME-3 and supports foreign markets. While SHFE Zinc appears weak due to poor consumption. With linkage between domestic and foreign markets, we can keep optimistic toward SHFE Zinc.

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