Zinc Social Inventories Down 9,400 mt on Week

SHANGHAI, Sep 30 (SMM)—Total zinc inventories across seven Chinese markets stood at 119,800 mt as of September 30, down 11,500 mt from September 27 and 9,400 mt from September 24.

The inventory in Shanghai declined sharply amid increasing pre-holiday restocking by downstream plants. Guangdong saw a decrease in stocks as maintenance at smelters affected the shipments and downstream producers still have pre-holiday restocking demand. The inventory in Tianjin trended lower due to limited arrivals of cargoes and pre-holiday stockpiling.

Inventories in Shanghai, Guangdong and Tianjin fell 9,600 mt, and inventories across seven Chinese markets decreased 9,400 mt.