Shanghai-bonded zinc stocks fell on outbound shipments

SHANGHAI, Mar 13 (SMM) – Inventories of zinc ingot across Shanghai-bonded areas fell this week, after three consecutive weeks of gains, as import losses triggered outbound shipments.

SMM data showed that Shanghai bonded zinc stocks decreased 1,300 mt in the week ended March 13 to 73,700 mt, after a 1,200 mt increase in the previous week.

SMM also learned that operations at ports and transport capacity have recovered to normal.