The SHFE/LME zinc price ratio pulled back, while LME zinc prices rose.

Published: Jul 11, 2025 16:16

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[SMM Flash News] This week, the SHFE/LME zinc price ratio pulled back and oscillated around 8.1, with the import window for zinc ingots remaining closed. Overseas, the US announced the results of tariff hikes on various countries, which were largely in line with market expectations. Overseas LME inventory continued to decline to less than 110,000 mt. Coupled with the resilient performance of overseas economic data, the LME0-3 structure shifted to a backwardation structure, with increased concentration of bullish capital, and LME zinc prices continued to rise.

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