Zinc Inventories Grow in China Major Markets, SMM Reports

Published: Jan 6, 2017 20:52

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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.

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

zinc inventories Shanghai zinc inventories Guangdong zinc inventories Tianjin zinc inventories

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

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