Zinc social inventories dipped 1,300 mt over weekend

SHANGHAI, Jul 27 (SMM) – Zinc inventories in China fell over the weekend, primarily in Shanghai as inflows of imported materials were limited.

SMM data showed that social inventories of refined zinc ingots across Shanghai, Tianjin, Guangdong, Jiangsu, Zhejiang, Shandong and Hebei decreased 1,300 mt from last Friday July 24 to 205,100 mt as of Monday July 27. The stocks were down 7,500 mt from last Monday July 20.

Compared to last Friday, social inventories of refined zinc across the three major trading hubs (Shanghai, Tianjin and Guangdong) fell 1,000 mt.

Stocks in south China's Guangdong kept steady with slight drop of goods moved out of the warehouse and slow increase of those moved in, while stocks in north China's Tianjin were little changed over the weekend as weekly improvement of goods arrival.