SHANGHAI, Dec. 31 (SMM) - Combined zinc inventories in Shanghai, Tianjin and Guangdong added 6,900 to 326,300 tonnes this past week, due to active shipments from zinc smelters.
Shanghai saw decreasing inflows of imported zinc. But downstream purchases were dampened significantly due to year-end cash tightness and rising zinc prices.
Zinc inventories will barely fall next week as downstream producers slash output ahead of China’s New Year holiday in 2016.
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