LME Zinc Inventory is Less than 30,000 mt, while SHFE Zinc Inventory Grow to a New High in Nearly Two Months

LME data showed that the zinc inventory was on a downward trend. The inventory continued to fall last week, and the latest figure recorded 22,850 mt, a new low of many years.

According to the SHFE data, the zinc inventory has moved rangebound recently. The inventory bounced back by 17.45% to 24,023 mt last week, a new high in the past two months, but the overall inventory still stood low.