On January 9, the London Metal Exchange (LME) reported zinc inventories of 107,450 tons, a decrease of 550 tons. Among these, registered warehouse receipts totaled 98,775 tons, while canceled warehouse receipts amounted to 8,675 tons, accounting for 8.07% of the total. PriceSeek's analysis of zinc indicates a bullish-bearish score of 1. The article highlights that LME zinc inventories decreased by 550 tons to 107,450 tons, with canceled warehouse receipts reaching 8.07%. This suggests an increased demand for inventory withdrawals and tightening supply, which is significantly favorable for spot zinc prices and is expected to drive price increases.
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