Imports, pre-holiday purchases grow zinc social stocks

Published: Jan 11, 2019 14:06

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Social inventories of refined zinc across Shanghai, Guangdong and Tianjin stood at 104,700 mt as of Friday Jan 11

SHANGHAI, Jan 11 (SMM) – Social inventories of refined zinc across Shanghai, Guangdong and Tianjin stood at 104,700 mt as of Friday January 11, up 7,200 mt from Friday January 4 as imported materials flew into domestic market.

Compared to Monday January 7, social inventories registered a smaller increase of 800 mt as downstream buyers restocked ahead of CNY.

Next week, social inventories of refined zinc across the three areas are likely to continue to grow in anticipation of an influx of imports.

Inventory data Zinc

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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