LME zinc stocks are currently below 270,000 tonnes, see Figure 1, which is down by 37 percent and the cancelled warrants are currently almost 70 percent, which suggests market tightness. The Chinese Shanghai stockpiles are following the same trend and are lower by approximately 50 percent. Interestingly lower Chinese treatment charges and better zinc payability terms being offered by the smelters also point to a market tightness.
Bodes well here
Ann: Citronen update, page-23
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Last
0.3¢ |
Change
-0.001(25.0%) |
Mkt cap ! $4.782M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.3¢ | $25.01K | 6.756M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 20700281 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 2008400 | 2 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| IBG (ASX) Chart |