On January 14, the London Metal Exchange (LME) reported zinc inventory of 106,725 tons, a decrease of 175 tons. Among these, registered warehouse receipts accounted for 97,875 tons, while canceled warehouse receipts stood at 8,850 tons, representing a cancellation ratio of 8.29%. PriceSeek’s analysis of zinc indicates a bullish-bearish score of 1. The LME zinc inventory decreased by 175 tons to 106,725 tons, signaling tightening supply, which is favorable for spot zinc prices. The cancellation ratio of 8.29% remains relatively low, reflecting good inventory availability. However, overall signals are bullish, and a slight increase in zinc prices is expected in the short term.
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