Zinc Imports Return to Profitability, Will This Help Ease Supply Tightness? SMM Reports

SHANGHAI, Aug. 18 (SMM) – The SMM/LME zinc price ratio averaged 8.45 this past week, up from 8.37 a week earlier, turning import losses to premiums of 225-584 yuan per tonne.

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The import profit window reopened this past week, and more inflows of imported zinc are expected next week.

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 Nonetheless, this will barely help alleviate supply tightness in the near term because domestic supply deficit is very severe, SMM said. 

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