Shanghai-bonded zinc stocks rose 500 mt, 1st weekly gain in 10

Published: Jun 24, 2020 15:16 (GMT+8)

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Inventories of zinc ingot across Shanghai-bonded areas rose slightly this week, due to increased seaborne arrivals including SMC and KZ, and reduced deliveries amid lower ratio of domestic prices to prices overseas.

SHANGHAI, Jun 24 (SMM) – Inventories of zinc ingot across Shanghai-bonded areas rose slightly this week, due to increased seaborne arrivals including SMC and KZ, and reduced deliveries amid lower ratio of domestic prices to prices overseas.

The stocks inched up 500 mt from last Friday June 19 to 43,500 mt as of Wednesday June 24, the last trading day before the Dragon Boat Festival holiday.

This marked the first weekly increase over the past 10 weeks.

Inventory data Zinc

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