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Zinc Inventories in China Major Markets Fall for 6th Straight Week

iconAug 19, 2016 17:04
Source:SMM
Combined zinc inventories in Shanghai, Tianjin and Guangdong fell 2,500 to 301,700 tonnes this past week.

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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Guangdong zinc inventories
Shanghai zinc inventories
Tianjin zinc inventories

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