Zinc inventory dips on the week as downstream restocks

Data Analysis 12:07:44PM Jul 06, 2018 Source:SMM

SHANGHAI, Jul 6 (SMM) – Zinc social inventory in Shanghai, Guangdong and Tianjin dipped over the week ended Friday July 6 as downstream restocked on declining zinc prices. 

Less imported cargos given closed import window, and limited arrivals from smelters also accounted for the drop in inventory. 

As of Friday, the overall inventory shrank 12,200 mt from last Friday to 112,200 mt, with inventory in Shanghai down 11,000 mt to 84,200 mt, SMM data showed.

 

Key Words:  Inventory data   Zinc 

Zinc inventory dips on the week as downstream restocks

Data Analysis 12:07:44PM Jul 06, 2018 Source:SMM

SHANGHAI, Jul 6 (SMM) – Zinc social inventory in Shanghai, Guangdong and Tianjin dipped over the week ended Friday July 6 as downstream restocked on declining zinc prices. 

Less imported cargos given closed import window, and limited arrivals from smelters also accounted for the drop in inventory. 

As of Friday, the overall inventory shrank 12,200 mt from last Friday to 112,200 mt, with inventory in Shanghai down 11,000 mt to 84,200 mt, SMM data showed.

 

Key Words:  Inventory data   Zinc