Zinc Social Inventories Expanded 4500 mt on Week

Total zinc inventories across seven Chinese markets stood at 128,600 mt as of August 20, up 6,100 mt from August 16 and 4,500 mt from August 13.

Inventories in Shanghai increased as arrivals at smelters rose and imported zinc also flew into the market. Stocks in Guangdong increased as the power curtailment was eased at smelters and operating rates gradually rose. Inventories in Tianjin continued to decline as arrivals of cargoes fell and downstream producers properly restocked goods.

Inventories in Shanghai, Guangdong and Tianjin rose 3,800 mt, and inventories across seven Chinese markets increased 4,500 mt.