SHANGHAI, Jun. 23 (SMM) - LME zinc has outshined other nonferrous metals recently due to well-behaved fundamentals. Falling visible and invisible zinc inventories have given a boost to LME zinc prices.
LME zinc inventories decreased 124,000 tonnes from the beginning of 2017 as of June 22, SMM understands.
WBMS: World Zinc Market in Severe Deficit in January-April despite More Output
In this scenario, zinc contango on the LME will narrow or convert to backwardation in the near term, SMM predicts. LME zinc contango has shrank from $25 in early April to $10 per tonne.
LME Zinc Outshines Other Nonferrous Metals - Here’s Why, SMM Reports
As to China market, SHFE zinc prices should stay firm in the near term, helped by supply tightness and low inventories.
For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.
![Índice do Dólar Americano Permanece Elevado, Continuando a Pressionar o Zinco na LME com Deslocamento do Centro de Preços para Baixo [Resumo da Reunião Matinal de Zinco da SMM]](https://imgqn.smm.cn/usercenter/CGlrd20251217171755.jpg)
![Fundamentos mostram fatores tanto de alta quanto de baixa, o zinco da SHFE continua em consolidação [comentário matinal de zinco da SMM]](https://imgqn.smm.cn/usercenter/qTzTI20251217171754.jpg)
![[Zinc Weekly Review] SHFE Zinc Rebounds from Lows as Tight Ore Supply Offsets Pressure from US Fed Rate Hike Expectations and Weaker LME](https://imgqn.smm.cn/usercenter/eyxqF20251217171756.jpg)
