SHANGHAI, Sep 14 (SMM) – Social inventories of refined zinc across Shanghai, Tianjin and Guangdong extended their weekend gains this week as weak consumption failed to deplete inflows of imported materials in an open import arbitrage window, SMM research found.
Arrivals from domestic smelters also bolstered inventories.
Stocks stood at at 117,800 mt as of Friday September 14, up 2,600 mt from Monday and 6,400 mt from last Friday.
SMM expects zinc social inventories across the three regions to continue to increase.
