Shanghai-bonded zinc stocks fall for 5 weeks

SHANGHAI, Jun 28 (SMM) – Stocks of refined zinc across Shanghai-bonded warehouses fell for a fifth straight week this week, declining 2,200 mt from a week ago to 91,100 mt as of Friday June 28, showed SMM data.

This was much smaller than the drop of 6,900 mt in the prior week, as high losses thinned out trades of imports, and kept supplies of seaborne materials across the domestic markets low.

The bonded warehouses this week again saw seaborne materials leave for re-exports.