Social inventories of zinc ingots across seven major markets in China totalled 81,600 mt last week

SMM data shows that social inventories of zinc ingots across seven major markets in China totalled 81,600 mt as of Friday January 5, up 5,800 mt from December 29 and 2,400 mt from January 2. Inventory in Shanghai increased as imported zinc ingot阿s continued to arrive despite tighter supply of some domestic brands due to shipments schedules issues. Inventory in Guangdong decreased due to low arriving shipments from smelters. The arrivals of cargoes in the Tianjin market were normal, and registered warehouse receipts increased, growing cargoes significantly. Inventories in Shanghai, Guangdong and Tianjin rose 1,900 mt.