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Home / Metal News / Shanghai-bonded zinc stocks rebounded in a closed import arbitrage window

Shanghai-bonded zinc stocks rebounded in a closed import arbitrage window

Nov 25, 2019 10:22

Source:SMM

Stocks increased 3,600 mt from a week earlier to 79,400 mt as of Nov 25

SHANGHAI, Nov 25 (SMM) – Inventories of zinc ingot across Shanghai-bonded areas rose last week, the first increase in seven weeks, seaborne arrivals stranded in a closed arbitrage window.

SMM data showed that Shanghai bonded zinc stocks increased 3,600 mt from a week earlier to 79,400 mt as of Friday November 22.

Last week’s recovery in the ratio of SHFE zinc prices to LME zinc was not strong enough to open the import arbitrage window.

Inventory data

Zinc

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Industry

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Shanghai-bonded zinc stocks rebounded in a closed import arbitrage window

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NET ZERO EUROPE - Solar & Energy Storage Summit

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