Zinc Inventories Continue Falling in China Major Markets

Apr 22, 2016 17:22

Source:SMM

Combined zinc inventories in Shanghai, Tianjin and Guangdong fell 3,000 to 388,600 tonnes this past week, SMM reports.

SHANGHAI, Apr. 22 (SMM) - Combined zinc inventories in Shanghai, Tianjin and Guangdong fell 3,000 to 388,600 tonnes this past week, SMM reports.

Declines in total inventories in the three regions continued to slow. Arriving shipments of a few brands decreased due to maintenance at some zinc smelters. At the same time, downstream buying interest weakened due to continuously rising zinc prices and stocks built at low previously. So outward shipments were down.

Total inventories in the three regions should continue to fall next week, SMM says, with larger declines. Downstream producers will hoard stocks before the Chinese Labor Day holiday.

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Zinc Inventories Continue Falling in China Major Markets

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