Limited arrivals, downstream restocking lower zinc social inventories

SHANGHAI, Jul 26 (SMM) – Zinc social inventories across Shanghai, Tianjin and Guangdong continued to shrink this week, lowered by limited arrivals of domestic and seaborne materials and restocking by downstream consumers, showed an SMM survey.

SMM data showed that stocks across the three regions decreased by 1,100 mt from Friday July 19 and by 6,700 mt from Monday July 22 to stand at 144,500 mt as of Friday July 26.