SHANGHAI, Jul. 25 (SMM) - Zinc concentrate inventory days at domestic zinc smelters averaged 29 in late June, down 6 from late May’s, according to SMM survey.
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Zinc inventories fell sharply at Hanzhong Zinc Industry, Hechi Nanfang Nonferrous Metals, Western Mining, Sihuan Zinc & Germanium Technology and Gansu Baohui, SMM survey finds.
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Some zinc smelters increased production noticeably in June, and were unwilling to replenish raw material stocks. When combined with cash tightness at a few smelters, zinc smelters mainly consumed on-hand raw material inventories.
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