SHANGHAI, May 2 (SMM) – China’s zinc inventories in warehouses across Shanghai, Tianjin and Guangdong shrank 800 mt to 154,500 mt as of Wednesday May 2 after the Labour Day holiday. SMM data showed that fewer deliveries arriving in Shanghai accounted for an inventory decline of 5,500 mt.
For the same period, inventories in Guangdong rose 1,000 mt to 41,200 mt while inventories in Tianjin increased 3,700 mt to 34,900 mt.
SMM expects inventories to have expanded slightly by Friday May 4.
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