Good Fundamentals for LME Zinc, with LME Inventory Slipping to New Low

Published: Nov 23, 2017 14:26
As per data released by LME on Wednesday, LME Zinc inventory dropped to 222,525 tons. As per data released by SHFE, SHFE Zinc inventory rose to 84,510 tons last Friday.

SHANGHAI, Nov.23 (SMM)-As per data released by LME on Wednesday, LME Zinc inventory dropped to 222,525 tons. As per data released by SHFE, SHFE Zinc inventory rose to 84,510 tons last Friday.


The article is edited by SMM and is provided for information purpose only. It does not mean SMM agrees with its views and SMM assumes no liability for accuracy of information contained or quoted in the article.

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
China’s Social Inventory Destocking, SHFE Zinc Center Rebounded [SMM Zinc Morning Comment]
4 hours ago
China’s Social Inventory Destocking, SHFE Zinc Center Rebounded [SMM Zinc Morning Comment]
Read More
China’s Social Inventory Destocking, SHFE Zinc Center Rebounded [SMM Zinc Morning Comment]
China’s Social Inventory Destocking, SHFE Zinc Center Rebounded [SMM Zinc Morning Comment]
[SMM Zinc Morning Comment] Overnight, the most-traded SHFE zinc 2605 contract opened lower with a gap at 22,350 yuan/mt, the intraday low. Subsequently, bulls added to open interest, and SHFE zinc fluctuated upward all the way, touching a high of 22,940 yuan/mt near the close and finally closing up at 22,860 yuan/mt, up 155 yuan/mt, or 0.68%. Trading volume fell to 93,582 lots, and open interest increased by 852 lots to 105,000 lots.
4 hours ago
Markets Bet on US Fed Rate Hikes, LME Zinc Comes Under Pressure [SMM Morning Meeting Summary]
4 hours ago
Markets Bet on US Fed Rate Hikes, LME Zinc Comes Under Pressure [SMM Morning Meeting Summary]
Read More
Markets Bet on US Fed Rate Hikes, LME Zinc Comes Under Pressure [SMM Morning Meeting Summary]
Markets Bet on US Fed Rate Hikes, LME Zinc Comes Under Pressure [SMM Morning Meeting Summary]
[SMM Morning Meeting Summary: The Market Bet on a US Fed Rate Hike, and LME Zinc Came Under Pressure] Overnight, LME zinc opened at $3,132.5/mt. In early trading, LME zinc briefly rose to a high of $3,136/mt before bears increased their positions, sending LME zinc fluctuating downward all the way. It touched a low of $3,125/mt in the night session, after which its center rebounded, and it finally closed down at $3,073.5/mt, down $59/mt, or 1.88. Trading volume increased to 18,995 lots, and open interest rose by 607 lots to 209,000 lots.
4 hours ago
Gold Resource Reports Q4 2025 Zinc Production, Sees Decline in Base Metals Output
19 hours ago
Gold Resource Reports Q4 2025 Zinc Production, Sees Decline in Base Metals Output
Read More
Gold Resource Reports Q4 2025 Zinc Production, Sees Decline in Base Metals Output
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.
19 hours ago
Good Fundamentals for LME Zinc, with LME Inventory Slipping to New Low - Shanghai Metals Market (SMM)