SMM Flash News: SHFE/LME Zinc Price Ratio Declines, LME Zinc Prices Rise on Macro Sentiment Improvement and Peru Smelter Strike

Published: Jun 27, 2025 13:38

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[SMM Flash News] This week, the SHFE/LME zinc price ratio declined and oscillated around 8.2, with the import window for zinc ingots remaining closed. Overseas, macro-wise, a comprehensive ceasefire between Israel and Iran was reached, energy prices fell back from highs, US interest rates and the US dollar index declined, geopolitical risk appetite increased, macro sentiment improved, and coupled with workers at a 345,000 mt annual capacity smelter in Peru announcing a strike, the fundamentals provided support, driving LME zinc prices higher.

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