SHANGHAI, Oct 15 (SMM)—Total zinc inventories across seven Chinese markets stood at 139,100 mt as of October 15, up 2,500 mt from October 11 and 5,300 mt from October 8.
The inventory in Shanghai rose sharply amid stable arrivals of goods at smelters and declining purchase demand by downstream buyers on high prices. Guangdong saw a slight decline in stocks amid limited arrivals of goods and falling demand. The arrivals of goods in Tianjin were not high and downstream demand trended lower due to high finished product stocks and soaring prices.
Inventories in Shanghai, Guangdong and Tianjin rose 5,400 mt, and inventories across seven Chinese markets increased 5,300 mt.
