高盛-锌:2026年过剩,但中国出口需求或驱动LME跨期价差上行-Zinc:2026 Surplus,but Upside to LME Timespreads if Chinese Exports Required-20260212.docx

高盛-锌:2026年过剩,但中国出口需求或驱动LME跨期价差上行-Zinc:2026 Surplus,but Upside to LME Timespreads if Chinese Exports Required-20260212.docx

Commhpitsi:e/s/wse.vaaruhelist12February2026|8:26AMGMT

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Zinc:2026Surplus,butUpsidetoLMETimespreadsifChineseExportsRequired

AureliaWaltham+44(20)7051-2547|aurelia.waltham@GoldmanSachsInternational

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