Zinc social inventories fell 1,100 mt over weekend

Published: Nov 11, 2019 11:51

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Inventories in Shanghai were 2,200 mt lower and that in Guangdong 1,500 mt lower from last Friday

SHANGHAI, Nov 11 (SMM) – Social inventories of refined zinc across Shanghai, Tianjin and Guangdong declined 1,100 mt from November 8 to stand at 140,400 mt as of November 11, SMM data showed.

Inventories in Shanghai were 2,200 mt lower and that in Guangdong 1,500 mt lower from last Friday, as reduced futures prices improved downstream procurement while a moderate amount of cargoes entered warehouses.

However, greater arrivals and weak purchases grew stocks in Tianjin by 2,500 mt over the weekend.

Inventory data Zinc

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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