Social Inventories of Zinc Ingots across Seven Chinese Major Markets Dropped Last Week

SMM data shows that social inventories of zinc ingots across seven major markets in China totalled 136,500 mt as of April 24, down 200 mt from April 21 and 6,200 mt lower than April 18. Inventories in Shanghai fell slightly due to dip buying and pre-holiday stockpiling.

Inventories in Guangdong dropped slightly amid stable shipments arrivals.

In Tianjin, arriving shipments increased noticeably, and downstream buying interest was also strong, leaving inventories unchanged. Total inventory in Shanghai, Guangdong and Tianjin decreased by 900 mt.