Home / Metal News / China Zinc Inventories Add in Major Markets

China Zinc Inventories Add in Major Markets

iconFeb 5, 2016 17:21
Source:SMM
Combined zinc inventories in Shanghai, Tianjin and Guangdong added 16,500 to 353,100 tonnes this past week, SMM data show.

SHANGHAI, Jan. 29 (SMM) - Combined zinc inventories in Shanghai, Tianjin and Guangdong added 16,500 to 353,100 tonnes this past week, SMM data show.

“Transportation networks were mostly suspended this week. Downstream buyers mostly withdrew from the market, so outward shipments decreased,” an SMM zinc analyst said. “In the meantime, shipments from zinc smelters were stable on rising zinc prices, despite limited supplies of some brands from logistics factors.”

Total inventories in the above three regions are expected to grow further following the 2016 Chinese New Year holiday with normal arriving shipments and weak demand, the analyst added.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn. 

 


zinc inventories
Shanghai zinc inventories
Guangdong zinc inventories
Tianjin zinc inventories
zinc prices
zinc smelters

For queries, please contact William Gu at williamgu@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news