Zinc inventory grows on increases in Guangdong, Tianjin

SHANGHAI, Jul 30 (SMM) – Social inventories of zinc in Shanghai, Guangdong, and Tianjin grew over the weekend as the low season continued to accumulate stocks in Tianjin and Guangdong.

While downstream consumption remain weak in Shanghai, limited arrivals during the weekend led to a decline of 1,500 mt in the market. 

Overall social inventory across the three regions rose by some 1,000 mt from Friday July 27 to 104,300 mt as of Monday July 30, SMM data showed.

SMM believes market participants should monitor the inflow of imported materials this week.