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New-low zinc social inventory probably to support price?
Zinc social inventory in three places continued to set new low last week, which is mainly contributed by Shanghai and Guangdong, SMM learned.
SHANGHAI, Dec.11 (SMM)－Zinc social inventory in three places continued to set new low last week, which is mainly contributed by Shanghai and Guangdong, SMM learned.
Some smelters are doing maintenance so the arrival of goods in the market is declining.
SMM predicts in the short term inventory will keep in a low level, which will support the zinc price.
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