
Analysts note that Zinc inventories at LME warehouses have been consistently declining and currently stand near 120,000 tonnes compared to 300,000 tonnes in April 2021. Most importantly, stocks earmarked for delivery have jumped from 14,000 tonnes in the first week of March to 75,000 tonnes or 62 per cent of total stocks as of April 12.
from Commodities-Markets-Economic Times
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