SHANGHAI, May 22 (SMM) – Zinc social inventories shrank during the last weekend with fewer deliveries arriving in China’s three major markets, SMM learned.
Overall zinc inventories in warehouses across Shanghai, Tianjin and Guangdong stood at 129,400 mt as of Monday May 21, down 2,100 mt from last Friday. It was also down 9,900 mt from the start of last week, according to SMM data.
The week on week decline was faster than a decline of 4,600 mt last Friday.
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