SHFE/LME Zinc Price Ratio Closes Import Window; Trade Tensions Ease but US Data Sparks Concerns

Published: May 16, 2025 14:53

Save

[SMM News] This week, the SHFE/LME zinc price ratio pulled back to around 8.3, closing the import window for zinc ingots. Overseas, with both China and the US reducing tariffs, trade tensions eased, and LME zinc prices continued to rise. However, in the US, retail sales slowed down significantly in April, and PPI unexpectedly declined, reigniting market concerns and causing LME zinc prices to fall.

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

Feb 6, 2026 16:42

Terminal Performance "Uneven," Zinc Oxide Chinese New Year Break Up YoY

Feb 6, 2026 16:42

Feb 6, 2026 16:38

Dual Pressures Force Die-Casting Zinc Alloy Firms to Lengthen Chinese New Year Holidays

Approaching the 2026 Chinese New Year, SMM conducted communication and research on the pre-holiday break arrangements of domestic die-casting zinc alloy enterprises. This survey covered 20 enterprises, with a total annual capacity of 829,000 mt, involving a zinc consumption scale during the holiday period of approximately 45,548 mt.

Feb 6, 2026 16:38

Feb 6, 2026 16:14

Data: SHFE, DCE market movement (Feb 06)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 06 Feb , 2026

Feb 6, 2026 16:14