Zinc Social Inventories Up 14,000 mt on Week

SHANGHAI, Oct 8 (SMM) - Total zinc inventories across seven Chinese markets stood at 133,800 mt as of October 8, up 14,000 mt from September 30 and 2,500 mt from September 27.

The inventory in Shanghai added significantly amid normal arrivals during the National Day holiday and shrinking downstream demand. While Guangdong saw limited increase in the inventory due to less-than-expected arrivals from Guangxi. The inventory in Tianjin only increased slightly due to a small amount of arrivals.

In general, the inventories in Shanghai, Guangdong and Tianjin rose 9,800 mt, and the inventories across seven Chinese markets increased 14,000 mt.