On January 15th at the London Metal Exchange (LME), the zinc inventory in the LME market was 106,700 tons, a decrease of 25 tons. Among this, registered warehouse receipts accounted for 98,125 tons, while canceled warehouse receipts totaled 8,575 tons, representing a cancellation rate of 8.04%.
PriceSeek's analysis of zinc indicates a bullish-bearish score of 1. The LME zinc inventory decreased by 25 tons to 106,700 tons, signaling a tightening supply. Additionally, the cancellation rate of 8.04% reflects active demand, which may drive up spot prices in the short term. The decline in inventory suggests an accelerated destocking process in the market, supporting an upward trend in zinc prices.
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