Zinc Stockpile Orders Reach Nine-Month High on Malaysia Gains
This article is for subscribers only.
Orders to remove zinc from stockpiles monitored by the London Metal Exchange climbed to the highest level in almost nine months on increases in Malaysia.
The orders, known as canceled warrants, rose 10,450 metric tons, or 27 percent, to 48,875 tons, the most since Sept. 29, daily LME figures showed. Canceled warrants have more than quadrupled in six sessions. Gains were biggest in Johor and Port Klang. Zinc inventories rose for the first time in six days to 868,125 tons.