Zinc social inventories rebounded 1,100 mt on week

SHANGHAI, Nov 8 (SMM) – Social inventories of refined zinc across Shanghai, Tianjin and Guangdong rose 1,100 mt from November 4 to stand at 141,500 mt as of November 8, SMM data showed. 

Tianjin accounted for the overall increase, as greater volumes of common brands entered Tianjin’s warehouses and local environmental curbs prevented downstream producers from buying. 

Shanghai and Guangdong, meanwhile, saw marginal declines in their zinc inventories this week.