SHANGHAI, Sept. 18 (SMM) - Zinc stocks in major Chinese markets, including Shanghai, Tianjin and Guangdong grew 9,500 to 299,500 tonnes this past week, according to SMM data.
Shanghai’s inventories climbed further with large inflows of imported zinc, though zinc smelters held back goods against falling zinc prices. Zinc inventories in Tianjin stabilized, but are set to increase slightly. Few local zinc smelters cut output in September, and additional inventories were released. Stocks in Guangdong were largely unchanged. Local supplies were sufficient, with downstream buyers bought as needed.
Combined inventories in the three markets are expected to climb further next week, SMM predicts.
For news cooperation, please contact us by email: email@example.com or firstname.lastname@example.org.