Tag: zinc discount to LME

China: SHFE base metal inventories surge as domestic demand weakens

Jun 17, 2026

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by

Neha TU

in Aluminium, Copper, Lead, Non Ferrous, Tin, Zinc

Chinese metal inventories hit seven-year highs Weak demand drives China’s growing surplus Total base metal inventories at Shanghai Futures Exchange (SHFE) warehouses reached 1.04 million tonnes (mnt) on 12 June, the highest level for the same week of the year in seven years. The accumulation stands in stark contrast to concerns over shortages in the rest…