SHFE zinc inventory continues to decline, reaching a new low in nearly three months

Published: May 13, 2025 10:11

Save

Data released by the London Metal Exchange (LME) showed that after LME zinc inventory rose to a three-month high on April 17, it entered a downward trend, with inventory continuing to pull back last week, reaching the latest level of 169,850 mt.

Data released by the Shanghai Futures Exchange (SHFE) indicated that during the week of May 9, SHFE zinc inventory continued to decline, with weekly inventory decreasing by 2.84% to 47,102 mt, hitting a nearly three-month low.

Note: Generally, a continuous decline in inventory at domestic and overseas exchanges will support futures prices, while the opposite will have a bearish impact on futures prices.

Comparison of LME and SHFE Zinc Inventory Since 2023 The following are the zinc inventory data for the LME and SHFE since April 2025: (Unit: mt)

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

56 mins ago

Penoles Reports 15.6% Increase in Q1 2026 Zinc Production, Driven by Mine and Smelter Improvements

[Penoles Releases Q1 2026 Production Report] Penoles released its Q1 2026 production data. For the zinc mine segment, its zinc concentrates production reached 66,600 mt in the quarter, up 15.6% YoY, mainly driven by the resumption of operations at Tizapa and improved grades and recovery rates at Juanicipio, Sabinas, and Fresnillo. For the zinc smelting segment, its zinc production reached 48,100 mt in the quarter, up 14.7% YoY, primarily due to an increase in the volume of concentrates processed by the zinc smelter, which had undergone its annual planned maintenance shutdown in Q1 2025.

56 mins ago

57 mins ago

Kaz Mineral Reports Q1 2026 Zinc Output Down Due to Planned Maintenance

[Kaz Mineral Disclosed Q1 2026 Production]Recently, Kaz Mineral disclosed its Q1 2026 production.Zinc in concentrate output of 10.4 kt was lower quarter-on-quarter, primarily reflecting reduced processing volumes at the East Region following planned maintenance at the Nikolayevsky concentrator in January.

57 mins ago

Gold Resource Reports Q1 2026 Production, Zinc Output Up 64%

[Zinc Concentrates Production Information] Gold Resource disclosed its Q1 2026 production. Its zinc metal content production was 1,143 mt during the quarter. Total ore processed during the quarter was 74,444 mt, an increase of 31% compared to the same period in 2025. Gold and silver production increased by 126% and 54%, respectively. Copper, lead, and zinc production also increased by 39%, 36%, and 64%, respectively.

57 mins ago