LME and SHFE Zinc Inventory both Created New Lows

SHANGHAI, Aug 2 (SMM) - According to the data released by the London Metal Exchange (LME), since LME zinc inventory surged to a two-and-a-half-month high in mid-December 2021, it was on a downward trend again. The inventory continued to fall last week, with the latest data recording at 69,725 mt, the lowest level in more than two years.

According to the data released by the Shanghai Futures Exchange, SHFE zinc inventory continued to decline by 4.51% to 97,316 mt last week, creating a five-and-a-half-month low.