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Home / Metal News / Good Fundamentals for LME Zinc, with LME Inventory Slipping to New Low

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

Nov 23, 2017 14:26

Source: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.

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.

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Total zinc inventories across seven Chinese markets stood at 268,900 mt as of February 21, up 5,800 mt from Friday February 18, and 14,600 mt from Monday February 14.

Feb 21, 2022 13:40

Analysis

Zinc Social Inventories Up 5,800 mt over Weekend

SMM Evening Comments (Feb 17): Shanghai Nonferrous Metals Closed Mixed amid Uncertainties Haunting Russia-Ukraine Issue

Shanghai nonferrous metals closed mixed as uncertainties surrounding Russia-Ukraine issue were still the biggest concern of the market, which might impact the commodity market as well as the European economic development prospect.

Feb 17, 2022 19:00

SMM Comments

SMM Evening Comments (Feb 17): Shanghai Nonferrous Metals Closed Mixed amid Uncertainties Haunting Russia-Ukraine Issue

Aluminium Ingot Social Inventory Up 90,000 mt on Week

SMM data showed that the aluminium ingot social inventory in China totalled 1.04 million mt as of February 17, 2022, up 90,000 mt from last Thursday February 10.

Feb 17, 2022 11:45

Analysis

Aluminium Ingot Social Inventory Up 90,000 mt on Week

SMM Morning Comments (Feb 14): Base Metals Mostly Closed with Losses on Friday Night under High Inflation Pressures

Shanghai base metals mostly closed with losses in the overnight trading last Friday as the US inflation hit a nearly 40-year high. LME metals performed similarly.

Feb 14, 2022 10:07

SMM Comments

SMM Morning Comments (Feb 14): Base Metals Mostly Closed with Losses on Friday Night under High Inflation Pressures

Lead Ingot Social Inventory Increased 7,600 on Week

The social inventory of lead ingots across Shanghai, Guangdong, Zhejiang, Jiangsu and Tianjin increased 7,600 mt from last Friday January 28 and rose 3,100 mt from Monday February 7 to 93,100 mt as of February 11.

Feb 11, 2022 15:35

Analysis

Lead Ingot Social Inventory Increased 7,600 on Week

China Rebar Stocks Up 3.74 Million mt from Pre-Holiday Level

The Inventories of rebar across Chinese steelmakers and social warehouses stood at 10.43 million mt as of February 10, up 3.74 million mt or 55.9% from pre-CNY holiday level. Stocks are down 3.59 million mt or 25.6% from a year earlier.

Feb 10, 2022 18:09

Analysis

China Rebar Stocks Up 3.74 Million mt from Pre-Holiday Level

SMM Morning Comments (Feb 10): Base Metals Closed with Gains as Market Awaits US CPI

Shanghai and LME metals all closed in the positive territory as the market awaits the US CPI, which is expected to record the fastest growth in 40 years.

Feb 10, 2022 10:00

SMM Comments

SMM Morning Comments (Feb 10): Base Metals Closed with Gains as Market Awaits US CPI

SMM Evening Comments (Jan 28): Shanghai Nonferrous Metals Closed Mixed in the Last Trading Day ahead of CNY

Shanghai nonferrous metals closed mixed in the last trading day ahead of the Chinese New Year. The market was basically in the holiday mood, while the better-than-expected US GDP reading for the past quarter aroused some discussions.

Jan 28, 2022 19:00

SMM Comments

SMM Evening Comments (Jan 28): Shanghai Nonferrous Metals Closed Mixed in the Last Trading Day ahead of CNY

SMM Morning Comments (Jan 25): SHFE Base Metals Fell across the Board Overnight, Nickel Slumped 6.88%

Shanghai base metals fell across the board overnight after the investors left the market with profits. LME metals performed similarly on Tuesday.

Jan 25, 2022 09:51

SMM Comments

SMM Morning Comments (Jan 25): SHFE Base Metals Fell across the Board Overnight, Nickel Slumped 6.88%

Lead Ingot Social Inventory Shrank 1,700 mt over Weekend

The social inventory of lead ingots across Shanghai, Guangdong, Zhejiang, Jiangsu and Tianjin decreased 1,700 mt from last Friday January 21 and fell 3,900 mt from last Monday January 17, to 86,600 mt as of January 24.

Jan 24, 2022 17:52

Analysis

Lead Ingot Social Inventory Shrank 1,700 mt over Weekend

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

SMM Events & Webinars

NET ZERO EUROPE - Solar & Energy Storage Summit

2nd Li-ion Battery Europe 2024

2024 Global Renewable Metal Industry Chain Summit