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The inventory is likely to decline toower level sooner in 2022. on the whole, the inventory will accumulate in january, but smm holds bullish outlook on zinc prices in the long run. the mosttraded shfe zinc prices are expected to stand at 23,70024,600 yuanmt this week, and spot premiums of shanghai zinc stood at 100150 yuanmt over the.

The bank now expects the zinc price to embedignificant risk premium for european disruptions through the winter withorecast average of 3,400 per tonne in the first quarter of 2022.

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The shfelme price ratio is likely to decline. the absolute price will still be driven by overseas fundamentals. it is recommended not to hold short positions. the mosttraded shfe zinc prices are expected to stand at 23,70024,600 yuanmt this week, and spot premiums of shanghai zinc will stand between 20 20 yuanmt over the january contract.

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Zinc smelters profitability is being squeezed by low treatment charges. jp morgan expectsefined zinc deficit this year of about 50,000 tonnes and 34,000 tonnes in 2022, with prices averaging.

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Zinc decreased 13 usdmt or 0.37 since the beginning of 2022, according to trading onontract for difference cfd that tracks the benchmark market for this commodity. historically, zinc reached an all time high of 4603 in november of 2006.

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