Guangdong Gains in Zinc Inventories, with Grim Consumption

Published: Nov 13, 2017 14:31
SMM predicts Guangdong inventories will slightly rise this week.

SHANGHAI, Nov.13 (SMM)-With rising zinc price and normal operation of zinc price, traders tend to sell out rather than purchase. The market quotation is dropping with ordinary transaction orders. Downstream enterprises are reluctant to purchase due to high prices. The overall transaction is less than last Friday. Guangdong inventories increases to 30,700 tonnes from 28,400 tonnes last Friday. SMM predicts Guangdong inventories will slightly rise this week.


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Guangdong Gains in Zinc Inventories, with Grim Consumption - Shanghai Metals Market (SMM)