LME Zinc Cancelled Warrants Surged, Inventory Declined Slightly, with Significant Changes in Singapore and Kaohsiung

Published: Apr 2, 2026 16:23

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[LME Zinc Cancelled Warrants Increased Sharply] On April 2, 2026, LME zinc inventory decreased by 275 mt to 113,950 mt, down 0.24%, but cancelled warrants increased sharply by 26,925 mt, up 301.87%, with the overall cancellation ratio at 23.63%. Warehouse data showed that the increases were mainly concentrated in Singapore and Kaohsiung. Current overall zinc inventory remained at a relatively low level, and with LME Cash-3M maintaining a mild contango structure, attention should be paid to subsequent actual inventory changes and structural risks.

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