Zinc Inventories Add Further in China Major Markets, SMM Reports

Published: Jun 26, 2017 17:35

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Combined zinc inventories in Shanghai, Tianjin and Guangdong increased 1,200 to 121,200 tonnes last week, SMM data show.

SHANGHAI, Jun. 26 (SMM) – Combined zinc inventories in Shanghai, Tianjin and Guangdong increased 1,200 to 121,200 tonnes last week, SMM data show.

Invenotires in both Shanghai and Guangdong grew, while those in Tianjin declined. The drop in inventories in Tianjin is due to fewer arriving shipments from Zijin Mining and dip-buyers. Arriving shipments of imported zinc increased inventories in Shanghai and Guangdong.

Zinc Prices to Hold Strong This Week, SMM Foresees

Total inventories in the three regions are expected to grow further in the coming week due to arriving shipments of imported zinc, SMM predicts.

Chihong Zn&Ge Signs First Anode, Cathode Plate Sales Order

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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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