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Zinc Inventories Down in China Major Markets
Aug 21,2015 16:10
CSTsmm insight
Source:SMM
Combined zinc inventories in China’s major markets, including Shanghai, Tianjin and Guangdong fell 3,800 tonnes last week, SMM data show.
SHANGHAI, Aug. 21 (SMM) – Combined zinc inventories in China’s major markets, including Shanghai, Tianjin and Guangdong fell 3,800 tonnes last week, SMM data show.
Inventories in Guangdong fell due to falling shipments from smelters which refrained from selling on low zinc prices. Outward shipments from Guangdong grew since some traders replenished stocks at cheap prices.
Shanghai’s inventories grew slightly with inflows of imported zinc.
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