Inflow of imported zinc to Shanghai drives up social inventory

SHANGHAI, Jun 15 (SMM) – Social inventory of zinc across Shanghai, Guangdong and Tianjin extended its increase over the week ended Friday June 15 as zinc imports continued to flow into Shanghai and as consumption remained weak, SMM data showed.

As of June 15, zinc social inventory in Shanghai increased 10,000 mt from Monday to stand at 110,300 mt while inventory in Guangdong and Tianjin shrank 2,800 mt and 2,500 mt, respectively, on limited arrivals. This brought the overall inventory up 4,800 mt to 144,600 mt.