伦锌市场遭遇数十年来最严重供应危机 库存濒临枯竭

GateNews

金十数据10月21日讯,伦敦金属交易所(LME)锌市场正面临数十年来最严重的供应紧缩,交易商争相抢购支撑交易所合约的持续萎缩库存。现货锌价较三个月期货合约的溢价飙升至每吨323美元,创下至少自1997年以来最高水平。这一“现货升水”现象是现货需求超过供应的典型标志。随着西方多家炼厂因加工费暴跌而减产,LME仓库库存已骤降至2023年创纪录的低点附近,买家压力持续累积数月。目前LME仓库中仅剩24425吨锌可供提取——这甚至不足以满足全球1400万吨年消费量市场一日之需。现货与三个月期锌价差飙升之际,LME数据显示交易商正疯狂争夺剩余库存。有六家独立机构持有LME库存多单及未来两日内到期合约,其总持仓规模相当于LME仓库立即可用库存量的至少300%。另一方面,现货升水可能使无实物交割能力的空头面临巨额亏损。

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