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Imported Zinc Inflows Add to Shanghai Zinc Inventories, SMM Reports

iconJun 1, 2017 13:22
Source:SMM
About 6,000 tonnes of imported zinc flowed to Shanghai market, which includes Belgian, Indian, Spanish, KZ and a small amount of AZ zinc, SMM reported.

SHANGHAI, Jun. 1 (SMM) - About 6,000 tonnes of imported zinc flowed to Shanghai market, which includes Belgian, Indian, Spanish, KZ and a small amount of AZ zinc, SMM reported.

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As to domestic brands, some Hongye zinc flowed to Shanghai market. Deliveries of Shuangyan zinc slowed due to transportation problems, but arriving shipments from other zinc smelters were normal.

Zinc inventories in Shanghai increased 8,000-9,000 tonnes compared to levels before the Chinese Dragon Boat Festival during May 28-30.

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Downstream buying interest is still week following the holiday, SMM added. 

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