SHANGHAI, Jun 17 (SMM) – Zinc social inventories significantly grew over the weekend, as smelters stepped up shipments to warehouses for warrants ahead of delivery.
Inflows of seaborne materials also helped grew domestic inventories, as downstream consumption did not improve.
SMM data showed that social inventories of refined zinc across Shanghai, Tianjin and Guangdong increased by 4,300 mt from Friday June 14, and by 14,200 mt from Monday June 10, to stand at 158,200 mt as of Monday June 17.
