LME Zinc Inventories Fall to 9-Year Low, LME Zinc Surges to 2-Wk High on Anticipation of Pickup in Steel Plants Demand

Published: Jun 20, 2017 15:14

Save

LME zinc inventories fell to a 9-year low of 311,925 tonnes on Monday as markets expect demand from steel plants to increase, wenhua.com reported.

SHANGHAI, Jun. 20 (SMM) - LME zinc inventories fell to a 9-year low of 311,925 tonnes on Monday, wenhua.com reported.

Zinc Inventories Grow in China Major Markets, SMM Reports

Meanwhile, SHFE zinc inventories remained at an 8-year low as of June 16, despite a rise to 71,758 tonnes.

When combined with market anticipation of improvement in demand from steel plants, LME zinc jumped to a two-week high on Monday. LME zinc closed at $2,556 per tonne, an increase of 1.2%, and briefly touched $2,568 per tonne, a level last seen on June 2.

Zinc Spot Premiums Shrink across China Major Markets, Domestic Brands Still Insufficient, SMM Reports

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

zinc inventories SHFE zinc inventories LME zinc inventories

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

7 hours ago

Gold Resource Reports Q4 2025 Zinc Production, Sees Decline in Base Metals Output

[Zinc Concentrates Production Information] Gold Resource disclosed its production for Q4 2025, during which its zinc metal production was 750 mt. In 2025, its copper, lead, and zinc production fell 59%, 56%, and 54%, respectively, from 2024. These declines mainly reflected the sequencing of mining into portions of the mineralized system with a relatively higher proportion of precious metals and lower base metal content than in the previous year.

7 hours ago

Peru's Zinc Concentrates Output Down 19.3% MoM, Up 14.7% YoY in January 2026

[Peru Zinc Concentrates Production Information] According to data from Peru’s mining statistical bulletin, Peru’s zinc concentrates production was 105,300 mt in metal content in January 2026, down 19.3% MoM and up 14.7% YoY.

7 hours ago

Daliang Zinc Mine Launches 100,000 mt/year Mining and Beneficiation Project in Guizhou

According to reports, on March 11, the commissioning ceremony for the 100,000 mt/year mining and beneficiation project at the Daliang zinc mine in Duyun, Guizhou was held, marking the official launch of the first integrated mining and beneficiation pilot demonstration project of the Guizhou Provincial Institute of Geology and Mineral Resources, adding new momentum to the effective implementation of Guizhou Province’s strategy of “developing rich ore resources with precision.” Reportedly, the project was led by the provincial institute of geology and mineral resources, with cumulative investment of about 200 million yuan, and included a mine with annual capacity of 100,000 mt and a beneficiation plant with annual processing capacity of 150,000 mt.

7 hours ago