Description
The LME Total Inventory for Zinc is compiled and published by the London Metal Exchange (LME). This indicator reflects the total amount of zinc stored in the LME-approved warehouses. It is used to gauge the supply and demand dynamics of the zinc market. High inventory levels typically indicate an oversupply or weak demand, while low inventory levels suggest a shortage or strong demand.
The total inventory is calculated by summing the amount of zinc stored across all LME-approved warehouses. The data includes all zinc stocks that are registered with the LME, providing a comprehensive view of the available supply.
The total inventory data is updated daily by the LME, providing a timely snapshot of zinc stock levels.