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Shanghai-bonded zinc stocks increase for 1st time in 8 weeks
SHANGHAI, Jul 19 (SMM) – Stocks of refined zinc across Shanghai-bonded warehouses inched up this week, after falling for seven consecutive weeks.
SMM data showed that stocks increased by 700 mt from a week ago to stand at 91,200 mt as of Friday July 19.
The import arbitrage window remained closed following the collapse of the backwardation structure on London zinc, which kept foreign trades light.
Shanghai-bonded zinc stocks increase for 1st time in 8 weeks
SHANGHAI, Jul 19 (SMM) – Stocks of refined zinc across Shanghai-bonded warehouses inched up this week, after falling for seven consecutive weeks.
SMM data showed that stocks increased by 700 mt from a week ago to stand at 91,200 mt as of Friday July 19.
The import arbitrage window remained closed following the collapse of the backwardation structure on London zinc, which kept foreign trades light.
