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Zinc stocks in LME-registered warehouses jumped 40% on Thursday

Foreign media news on May 25: data released by the London Metal Exchange (LME) on Thursday showed that zinc inventories in LME-registered warehouses surged by 40% to 61,025 tons.

There is a two-day lag in the inventory data released by the LME.

The LME report added 18,050 tons of zinc to the LME warehouse in Singapore, bringing the total zinc inventory in the warehouse to 50,250 tons.

Zinc inventories on the LME have risen by more than 300% since early February, helping to ease concerns about tight supplies.

On Wednesday, the discount of LME spot zinc to the three-month contract was US$7, while at the end of March the premium of the spot contract to the three-month contract was about US$30/ton.

Three-month zinc on the LME closed down 2.6% at $2,253.50 on Thursday, bringing its losses to 9% for the week and more than 30% since January.

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