Larger gains in Shanghai bonded zone zinc stocks

Published: Dec 21, 2018 18:36
Stocks expanded 8,000 mt from a week ago to stand at 56,000 mt as of Friday Dec 21

SHANGHAI, Dec 21 (SMM) – Zinc ingot stocks across Shanghai bonded areas expanded 8,000 mt from a week ago to 56,000 mt as of Friday December 21, SMM data showed.

Inventories increased for nine consecutive weeks and this week’s increase was twice as much as growth in the previous week.

SMM learned that seaborne cargoes likely to arrive next week.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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Larger gains in Shanghai bonded zone zinc stocks - Shanghai Metals Market (SMM)