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Home / Metal News / Guangdong Gains in Zinc Inventories, with Grim Consumption

Guangdong Gains in Zinc Inventories, with Grim Consumption

Nov 13, 2017 14:31

Source:SMM

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.

The article is edited by SMM and is provided for information purpose only. It does not mean SMM agrees with its views and SMM assumes no liability for accuracy of information contained or quoted in the article.

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