Zinc social inventories increased 11,700 mt over weekend

SHANGHAI, Feb 17 (SMM) – Zinc inventories in China continued to trend higher over the weekend, as demand remained muted amid the epidemic outbreak.

SMM data showed that social inventories of refined zinc across Shanghai, Tianjin, Guangdong, Jiangsu, Zhejiang, Shandong and Hebei stood at 272,500 mt as of Monday February 17, up 11,700 mt from Friday February 14 and 40,800 mt from Monday February 10.

All the seven regions saw inventories rise over the weekend, with the biggest gain in Guangdong as arrivals by rail were steady. The gain in Tianjin was limited as supply of mainstream brands dwindled.

Compared to last Friday, social inventories of refined zinc across Shanghai, Tianjin and Guangdong climbed 10,500 mt.