Zinc Social Inventories Up 8,100 mt over the Weekend

SHANGHAI, Oct 18 (SMM)—Total zinc inventories across seven Chinese markets stood at 147,200 mt as of October 18, up 8,100 mt from Friday October 15 and 10,600 mt from last Monday October 11.

The inventory in Shanghai added amid stable arrivals and less purchase on the back of high prices. Guangdong saw rising inventory as the demand was less active while the arrivals improved. The inventory in Tianjin recorded declines because the downstream sector mostly purchased on rigid demand and the arrivals have been limited.

The total inventories in Shanghai, Guangdong and Tianjin added 6,100 mt over the weekend, and those in the 7 marketed climbed by 8,100 mt.