Zinc Inventories Grow in China Major Markets, SMM Reports

Jan 6, 2017 20:52

Source:SMM

Combined zinc inventories in Shanghai, Tianjin and Guangdong added 9,500 to 210,600 tonnes this past week, SMM data show.

SHANGHAI, Jan. 6 (SMM) - Combined zinc inventories in Shanghai, Tianjin and Guangdong added 9,500 to 210,600 tonnes this past week, SMM data show.

Inventories in Guangdong fell, and those in the other two increased.

Arbitrage operation drove shipments from Guangdong to Shanghai after the price spread between the two regions expanded to above RMB 300/mt. Downstream demand was weak, though, slowing outward shipments.

Total inventories in the three regions will grow slightly next week, SMM said.

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zinc inventories

Shanghai zinc inventories

Guangdong zinc inventories

Tianjin zinc inventories

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Zinc Inventories Grow in China Major Markets, SMM Reports

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