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

Zinc Inventories in China Major Markets Increase

Jun 17, 2016 16:09

Source:SMM

Combined zinc inventories in Shanghai, Tianjin and Guangdong grew 9,700 to 330,200 tonnes this week.

SHANGHAI, Jun. 17 (SMM) - Combined zinc inventories in Shanghai, Tianjin and Guangdong grew 9,700 to 330,200 tonnes this week.

“Zinc stocks climbed across the three regions due to soft consumption and ample supplies.” said one SMM zinc analyst.

Downstream buyers slowed purchases with the nearing of low-demand season and zinc prices reaching 16,000 yuan per tonne. Some zinc smelters sold actively at highs.

Total inventories in the three regions should grow further next week, SMM anticipates, citing the nearing of slow season, steady supply and mid-year cash tightness.

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

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