Data released by the London Metal Exchange (LME) showed that after LME zinc inventory rose to a three-month high on April 17, it entered a downward trend, with inventory continuing to pull back last week, reaching the latest level of 169,850 mt.
Data released by the Shanghai Futures Exchange (SHFE) indicated that during the week of May 9, SHFE zinc inventory continued to decline, with weekly inventory decreasing by 2.84% to 47,102 mt, hitting a nearly three-month low.
Note: Generally, a continuous decline in inventory at domestic and overseas exchanges will support futures prices, while the opposite will have a bearish impact on futures prices.
