Zinc inventory falls for four consecutive weeks

SHANGHAI, Mar 16 (SMM) – Social inventories of zinc in Shanghai, Guangdong and Tianjin continued to decline and stood at 176,900 mt as of Friday April 20, according to SMM data.

Inventories are likely to further decline next week as smelters delay their deliveries to take advantage of the value-added tax (VAT) cut effective May 1, SMM believes. Consumption will also continue to pick up.

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