SHANGHAI, May. 27 (SMM) – Combined zinc inventories in Shanghai, Tianjin and Guangdong decreased 8,000 to 129,100 tonnes this past week, down for over three months in a row, SMM data show.
Arriving shipments grew slightly, but outward shipments received a boost as trading improved in the latter half of the week. Zinc consumption in Tianjin also picked up after environmental protection push.
Total inventories in the three regions are expected to remain stable in the coming week, SMM predicts.
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