SHANGHAI, Aug. 19 (SMM) - Combined zinc inventories in Shanghai, Tianjin and Guangdong fell 5,900 to 298,400 tonnes this past week.
Zinc inventories in both Shanghai and Tianjin fell for three weeks in a row due to falling arriving shipments and stable outward shipments. Guangdong’s inventories grew with weakening downstream buying interest and rising goods inflows.
Total inventories in the three regions should stabilize in the coming week, SMM foresees, citing softening downstream purchases before the G20 Summit.
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