Zinc social inventories fell 3,600 mt over weekend

SHANGHAI, Dec 9 (SMM) – Social inventories of refined zinc across Shanghai, Tianjin, Guangdong, Jiangsu, Zhejiang, Shandong and Hebei stood at 126,300 mt as of Monday December 9, down 3,600 mt from Friday December 6 and 15,100 mt from Monday December 2, showed SMM data.

Zhejiang and Tianjin primarily contributed to the inventory decline, down 2,300 mt and 2,000 mt over the weekend respectively, due to slower arrivals.

Stocks in Shanghai and Guangdong, meanwhile, inched up as buying mood among downstream consumers slightly eased.

Over the weekend, social inventories of refined zinc across Shanghai, Tianjin and Guangdong fell 1,600 mt.