Zinc Social Inventories Up 6,400 mt on Week

SHANGHAI, Nov 26 (SMM) -Total zinc inventories across seven Chinese markets stood at 135,100 mt as of November 26, up 4,300 mt from November 22 and 6,400 mt from November 19.

The inventory in Shanghai increased amid rising imported zinc. Guangdong saw an increase in stocks due to increasing arrivals of goods in the market and weak downstream demand. The stocks in Tianjin accumulated as the arrivals of goods continued to increase and weak downstream demand. Inventories in Shanghai, Guangdong and Tianjin rose 7,700 mt, and inventories across seven Chinese markets increased 6,400 mt.