Zinc inventory continues decline with fewer deliveries

Published: May 11, 2018 12:31

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Zinc inventories in China continued to decline as of Friday May 11 as deliveries arriving warehouses across Shanghai, Guangdong and Tianjin from smelters dwindled

SHANGHAI, May 11 (SMM) – Zinc inventories in China continued to decline as of Friday May 11 as deliveries arriving warehouses across Shanghai, Guangdong and Tianjin from smelters dwindled due to maintenance works at smelters in May, SMM believed.

China's zinc inventories in warehouses across Shanghai, Tianjin and Guangdong shrank 11,900 mt to 136,100 mt as of Friday May 11, according to SMM data. This is down from 148,100 mt on Friday May 4, down 5,400 mt in Shanghai, lower 5,400 in Guangdong and down 1,100 in Tianjin.

Downstream demand recovery also wore on zinc inventories.

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