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LME Declining Zinc Inventory Contributed by Cancelled Warrants
Since unexpected increase of LME Zinc inventory on Nov.14th, the figure has been declining to 217,625 tons continuously by 11,625 tons.
SHANGHAI, Nov.29 (SMM)－Since unexpected increase of LME Zinc inventory on Nov.14th, the figure has been declining to 217,625 tons continuously by 11,625 tons. Cancelled warrants inventory keeps 164,350 tons, which totally contributes the drop amount of inventory. With portion of cancelled warrants dropping to 24.1%, LME premium also slips to $20 per ton, showing support of low inventory still exists despite limited effect.
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