LME warehouse zinc extraction orders surge

Driven by the demand for zinc from Singapore warehouses, the London Metal Exchange (LME) zinc outbound orders surged for the second consecutive day, increasing by over 49000 tons, bringing the inventory withdrawal volume to 106775 tons, the highest level since October 2017. The huge demand for zinc for two consecutive days has led to a decrease in opportunities for other buyers to obtain zinc, and has intensified recent restrictions on zinc supply. The huge demand for zinc for two consecutive days has led to a decrease in opportunities for other buyers to obtain zinc, and has intensified recent restrictions on zinc supply. Zinc, the copyright of Asian Metal Network, is the basis of futures trading on this exchange. Zinc, the copyright of Asian Metal Network, is the basis of futures trading on this exchange. The huge demand for zinc for two consecutive days has led to a decrease in opportunities for other buyers to obtain zinc, and has intensified recent restrictions on zinc supply. Asian Metal Network All rights reserved

The LME warehouse zinc inventory has rebounded significantly from its low level at the beginning of 2023, with a large amount of zinc inventory accumulated in the Singapore warehouse. All rights reserved by Asian Metal Network. Asian Metal Network. However, in recent weeks, the market's tension over zinc supply has intensified, with data showing that more than half of the spot goods in LME warehousing networks are purchased by a single entity. The LME warehouse zinc inventory has rebounded significantly from its low level in early 2023, with a large amount of zinc inventory accumulated in the Singapore warehouse. The remaining available zinc inventory of Asia Metal Network is 154125 tons, the lowest level since November 2023. The LME warehouse zinc inventory has rebounded significantly from its low level in early 2023, with a large amount of zinc inventory accumulated in the Singapore warehouse. Asian Metal Network All rights reserved