Zinc Social Inventories Down 2,600 mt on Week

SHANGHAI, Nov 19 (SMM)—Total zinc inventories across seven Chinese markets stood at 128,700 mt as of November 19, down 2,600 mt from November 12 and 6,500 mt from November 15.

The weekly inventory dropped again. Among them, the inventory in Shanghai dropped amid more shipments from warehouses, as the downstream consumption picked up as zinc prices plunged. The arrivals in Guangdong has been on the rise as the smelters’ output ramped up steadily. The inventory in Tianjin rose on the week due to sluggish downstream demand and improving market arrivals.

Generally speaking the inventory in Shanghai, Guangdong and Tianjin dropped 800 mt on the week, and those across seven major consumption areas declined 2,600 mt.