Zinc Social Inventories Down 2,900 mt over Weekend

SHANGHAI, Nov 1 (SMM) – Total zinc inventories across seven Chinese markets stood at 140,700 mt as of November 1, down 2,900 mt from October 29 and 5,100 mt from October 25.

The inventory in Shanghai fell slightly as the imported goods flowed in and downstream producers restocked as zinc prices declined. The stocks in Guangdong trended lower as the arrivals of goods at warehouses fell sharply. Tianjin saw a decline in stocks amid limited arrivals of goods and restocking restocking on rigid demand. Inventories in Shanghai, Guangdong and Tianjin fell 2,900 mt, and inventories across seven Chinese markets decreased 2,900 mt.