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Home / Metal News / Zinc Inventories Back to Gains in China Major Markets, SMM Reports

Zinc Inventories Back to Gains in China Major Markets, SMM Reports

iconJul 10, 2017 11:59
Source:SMM
Combined zinc inventories in Shanghai, Tianjin and Guangdong increased 5,500 mt to 116,800 mt this past week, SMM data showed.

SHANGHAI, Jul. 10 (SMM) – Combined zinc inventories in Shanghai, Tianjin and Guangdong increased 5,500 mt to 116,800 mt this past week, SMM data showed.

Inventories in Guangdong decreased slightly, while those in both Tianjin and Shanghai grew.

Zinc Prices to Hover at High Levels This Week, SMM Foresees

Tianjin’s inventories increased with arriving shipments of Zijin zinc and fewer purchases by downstream buyers, SMM said. Shanghai witnessed additional inflows of imported zinc. When combined with steady arriving shipments of domestic zinc and weak trading, local inventories increased.

Chinese Zinc Mines Hold Zinc Concentrate TCs Firm despite Smelter Efforts, SMM Reports

Total inventories in the three regions will increase further in the coming week with arrivals of imported zinc, SMM predicts.

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 exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

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