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Shanghai-bonded zinc stocks dropped 8,800 mt on week
This week’s decline was the largest over the past six weeks as import profits recovered on a higher ratio of domestic prices to overseas.
SHANGHAI, May 29 (SMM) – Inventories of zinc ingot across Shanghai-bonded areas fell for a sixth straight week this week, decreasing 8,800 mt from a week earlier to 46,000 mt as of Friday May 29, showed SMM data.
This week’s decline was the largest over the past six weeks as import profits recovered on a higher ratio of domestic prices to overseas.
Inventory data
Zinc
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