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Zinc social inventories fall as purchases improve on lower prices
SHANGHAI, Aug 12 (SMM) – Social inventories of refined zinc across Shanghai, Tianjin and Guangdong decreased over the weekend, as downstream consumers ramped up purchases after prices of futures tumbled.
SMM data showed that the stocks declined 6,300 mt from Friday August 9 and 3,500 mt from Monday August 5 to stand at 142,400 mt as of Monday August 12. Respective stocks in the three regions all fell over the weekend.
It was heard that some Guangdong materials have been delivered to Shanghai.
Zinc social inventories fall as purchases improve on lower prices
SHANGHAI, Aug 12 (SMM) – Social inventories of refined zinc across Shanghai, Tianjin and Guangdong decreased over the weekend, as downstream consumers ramped up purchases after prices of futures tumbled.
SMM data showed that the stocks declined 6,300 mt from Friday August 9 and 3,500 mt from Monday August 5 to stand at 142,400 mt as of Monday August 12. Respective stocks in the three regions all fell over the weekend.
It was heard that some Guangdong materials have been delivered to Shanghai.
