SHANGHAI, Apr. 15 (SMM) - Combined zinc inventories in Shanghai, Tianjin and Guangdong fell 6,100 to 391,600 tonnes this past week, SMM data show.
Declines in total inventories in the three regions slowed noticeably. Arriving shipments decreased due to maintenance at some zinc smelters and transportation problem. But zinc smelters mainlining normal production sold actively due to rising zinc prices. At the same time, outward shipments were down as downstream buying interest weakened.
Total inventories in the three regions should continue to fall next week, SMM says.
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