SHFE/LME Zinc Price Ratio Closes Import Window Amid Trade Tensions and Geopolitical Risks

Published: Jun 6, 2025 18:45

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[SMM News] This week, the SHFE/LME zinc price ratio pulled back to around 8.4, closing the import window for zinc ingots. From an overseas perspective, the "steel tariffs" imposed by the Trump administration once again escalated global trade tensions. Coupled with the intensification of the Russia-Ukraine conflict, geopolitical risks rose rapidly, and market risk-averse sentiment continued to strengthen, driving up the price of LME zinc.

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