Continuously falling LME zinc inventories support LME zinc prices at high levels

Telah Terbit: Sep 14, 2023 09:55
Sumber: SMM
Overnight, LME zinc prices opened at $2483.5/mt, and closed at $2528/mt, up $46/mt or 1.85%. Trading volume decreased to 7187 lots, and open interest grew 2634 lots to 211,000 lots.

Overnight, LME zinc prices opened at $2483.5/mt, and closed at $2528/mt, up $46/mt or 1.85%. Trading volume decreased to 7187 lots, and open interest grew 2634 lots to 211,000 lots.

LME inventories fell by 6,200 tons to 132,200 tons, a decrease of 4.48%. LME inventories continued to decline significantly, and with news of production cuts at overseas mines, global mines faced a supply shortage, which provided support for zinc prices.

The most active SHFE 2310 zinc contract prices opened at 21600 yuan/mt and closed at 21765 yuan/mt last evening, up 135 yuan/mt or 0.62%. The trading volume was down to 66174 lots, and open interest increased 1810 lots and stood at 109,000 lots.


Pernyataan Sumber Data: Kecuali informasi yang tersedia untuk publik, semua data lainnya diproses oleh SMM berdasarkan informasi publik, komunikasi pasar, dan mengandalkan model database internal SMM. Hanya untuk referensi dan tidak menjadi rekomendasi pengambilan keputusan.

Untuk pertanyaan atau informasi lebih lanjut, silakan hubungi: lemonzhao@smm.cn
Untuk informasi lebih lanjut tentang cara mengakses laporan penelitian kami, hubungi:service.en@smm.cn
Continuously falling LME zinc inventories support LME zinc prices at high levels - Shanghai Metals Market (SMM)