Zinc Social Inventories Fell 3,900 mt on Weekend

SHANGHAI, Sep 6 (SMM) - Total zinc inventories across seven Chinese markets stood at 122,100 mt as of September 6, down 1,500 mt from September 3 and 3,900 mt from August 30.

Inventories in Shanghai fell slightly as the inflow of imported zinc declined and the market mainly digested domestic zinc. Guangdong saw an increase in stocks as smelters resumed normal production and arrivals of cargoes increased in the market. Stocks in Tianjin trended lower as the arrivals of goods were muted, downstream producers have restocking demand on the consumption of the second batch of government stockpiles and declining prices.

Inventories in Shanghai, Guangdong and Tianjin fell 600 mt, and inventories across seven Chinese markets decreased 1,500 mt.