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Shanghai-bonded zinc stocks dropped 2,000 mt on week
Inventories of zinc ingot across Shanghai-bonded areas registered a much smaller decline this week, as import losses widened sharply on a lower ratio of SHFE zinc prices to its LME counterpart.
SHANGHAI, Jun 5 (SMM) – Inventories of zinc ingot across Shanghai-bonded areas registered a much smaller decline this week, as import losses widened sharply on a lower ratio of SHFE zinc prices to its LME counterpart.
The stocks fell for a seventh straight week this week, decreasing 2,000 mt from a week earlier to 44,000 mt as of Friday June 5, showed SMM data. The stocks dropped 8,800 mt last week.
Inventory data
Zinc
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