10-year low zinc stocks to underpin LME, SHFE zinc prices -Shanghai Metals Market

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10-year low zinc stocks to underpin LME, SHFE zinc prices 

Data Analysis 02:49:20PM Dec 04, 2018 Source:SMM

SHANGHAI, Dec 4 (SMM) – Zinc inventories across LME warehouses extended their decline on Monday December 3, to the lowest in over ten years, to 112,575 mt, showed LME stocks data. 

SHFE data showed that zinc stocks across LME warehouses also dipped to a 10-year low of 26,779 mt as of Friday November 30, down 24% on the week. 

Such declines in inventories are set to underpin rebounds in both LME zinc and SHFE zinc contracts. 

Key Words:  Market commentary 

Price

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1# Zinc
Apr.19
21820.0
-40.0
(-0.18%)
0# Zinc
Apr.19
21890.0
-40.0
(-0.18%)
T/C for domestic zinc concentrate
Apr.01
6350.0
200.0
(3.25%)
T/C for imported zinc concentrate
Apr.01
240.0
5.0
(2.13%)
Zinc Alloy (Zamak3/ZX01)
Apr.19
22790.0
-40.0
(-0.18%)

10-year low zinc stocks to underpin LME, SHFE zinc prices 

Data Analysis 02:49:20PM Dec 04, 2018 Source:SMM

SHANGHAI, Dec 4 (SMM) – Zinc inventories across LME warehouses extended their decline on Monday December 3, to the lowest in over ten years, to 112,575 mt, showed LME stocks data. 

SHFE data showed that zinc stocks across LME warehouses also dipped to a 10-year low of 26,779 mt as of Friday November 30, down 24% on the week. 

Such declines in inventories are set to underpin rebounds in both LME zinc and SHFE zinc contracts. 

Key Words:  Market commentary