Business & Finance
Chinese Zinc Traders Eye Export Window to Clear Domestic Glut
Key Points
Commodities Chinese Zinc Traders Eye Export Window to Clear Domestic Glut Chinese zinc producers are eagerly waiting for exports to become more profitable to help clear a glut of the metal at home. Shanghai zinc futures are more than $400 a ton below international prices, the biggest discount since 2022. That’s enough to sell spot cargoes to fabricators in Southeast Asia, but the window needs to widen by about another $100 to open up shipments to London Metal Exchange warehouses, said Zeng...
Commodities
Chinese Zinc Traders Eye Export Window to Clear Domestic Glut
Chinese zinc producers are eagerly waiting for exports to become more profitable to help clear a glut of the metal at home.
Shanghai zinc futures are more than $400 a ton below international prices, the biggest discount since 2022. That’s enough to sell spot cargoes to fabricators in Southeast Asia, but the window needs to widen by about another $100 to open up shipments to London Metal Exchange warehouses, said Zeng Tong, an analyst with Jinrui Futures Co.