Social Inventories Of Zinc Ingots Across Seven Major Markets In China

SMM data shows that social inventories of zinc ingots across seven major markets in China totalled 94,400 mt as of Friday September 22, down 1,800 mt from Friday September 15 and down 5,900 mt from Monday September 18.

Arriving shipments in Guangdong and Shanghai declined, and some brands were shipped directly to downstream buyers amid pre-holiday stockpiling. Inventories in Tianjin grew as there were small quantities of arriving shipments of Xinzi and Bazi zinc. Inventory in Shanghai, Guangdong and Tianjin fell by a combined 4,000 mt.