Tag: zinc backwardation
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India: Zinc’s H1CY’26 drawdown cycle breaks as inventory squeeze pushes prices to 4-year high
Six-week inventory drawdown lifts LME zinc to four-year high Negative treatment charges and backwardation deepen supply concerns For most of H1CY’26, zinc traded in a predictable rhythm. Every drawdown in London Metal Exchange (LME) inventories pushed prices higher, only for fresh warrant inflows to rebuild stocks and pull the market back into range. That pattern…