Shanghai-bonded zinc stocks fell faster as import arbitrage window opened

SHANGHAI, May 8 (SMM) – Inventories of zinc ingot across Shanghai-bonded areas fell for a third straight week this week, decreasing 6,100 mt from Thursday April 30 to 65,500 mt as of Friday May 8, showed SMM data.

This week’s decline was larger than a drop of 4,500 mt between April 24 and April 30, as more imported zinc entered the domestic market following the opening of the import arbitrage window after the Labour Day holiday.

The stocks shrank 10,900 mt over the past three weeks.