LME Zinc Cancelled Warrants Increased Significantly

Published: Apr 2, 2026 16:49

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On April 2, 2026, LME zinc inventory fell by 275 mt to 113,950 mt, down 0.24%, while cancelled warrants surged by 26,925 mt, up 301.87%, bringing the overall cancelled warrant ratio to 23.63%. Warehouse data showed that the increases were mainly concentrated in Singapore and Kaohsiung. Current overall zinc inventory remained at a relatively low level, while LME Cash-3M maintained a mild contango structure, so attention should be paid to subsequent actual inventory changes and structural risks.

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