The SHFE/LME price ratio fluctuated around 8.6, and the zinc ingot import window opened and then closed. [SMM Weekly Review of SHFE/LME Zinc Price Ratio]

SMM April 24 News: This week, the SHFE/LME zinc price ratio fluctuated around 8.6, and the zinc ingot import window briefly opened before closing. In the overseas market, the US Fed's remarks increased market expectations for an interest rate cut, risk appetite rebounded, and US stocks rose, driving the overall center of non-ferrous metals upward. Meanwhile, abnormal fluctuations in the overseas mine segment pushed up LME zinc prices. Domestically, the US-China trade war eased, and Q1 domestic exports and social financing data showed stability. Social inventory continued to decrease to below 90,000 mt, providing some support for zinc prices, leading to SHFE zinc fluctuating upward and the SHFE/LME ratio oscillating around 8.6. Next week, the SHFE/LME ratio is expected to remain largely stable. Order to view SMM metal spot historical prices.