SMM: London Metal Exchange (LME) data show that in the past week, Lun zinc inventory has been rising, nearly five trading days inventory increased by more than 50, 000 tons to 173000 tons, refreshing the highest level since October 18, 2018.
As of July 24, zinc stocks in Shanghai fell again, with weekly inventories falling 4.75 per cent to 89188 tonnes, a new half-year low, according to data released in the previous period.
Note: generally speaking, declining stocks in domestic and foreign exchanges will support the futures price, otherwise, it will be bad for the futures price.
Comparison of Zinc inventory between LME and previous Institute since 2018
The following is the zinc inventory data of LME and the previous period since July 2020: (in tons)
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