Last week, the SHFE/LME zinc price ratio fluctuated around 8.5. Visible LME zinc inventories will increase after deliveries.
On the other hand, domestic supply will fall due to a growing number of smelters undertaking maintenance.
Nonetheless, the influx of imported zinc ingot will keep total inventories rangebound. As such, the SHFE/LME zinc price ratio will remain at the current level.
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