Zinc Social Inventories Down 1,500 mt over Weekend

SHANGHAI, Oct 25 (SMM) – Total zinc inventories across seven Chinese markets stood at 145,800 mt as of October 25, down 1,500 mt from October 22 and 1,400 mt from October 18.

The inventory in Shanghai declined as downstream buyers restocked goods on dips. Guangdong saw an increase in stocks as power rationing in Guangxi smelters loosened and increasing goods arrived. The stocks in Tianjin trended lower amid limited arrivals and restocking of goods on rigid demand by downstream producers. Inventories in Shanghai, Guangdong and Tianjin fell 600 mt, and inventories across seven Chinese markets decreased 1,500 mt.