Zinc Social Inventories Down 4,800 mt on Week

SHANGHAI, Dec 10 (SMM)—Total zinc inventories across seven Chinese markets stood at 125,300 mt as of December 10, down 6,300 mt from December 6 and 4,800 mt from December 3.

The inventory in Shanghai fell sharply as some major plants implemented maintenance, deliveries have been hindered by Covid-19 pandemic in Ningbo and the demand increased. Guangdong saw an increase in the overall inventory amid growing arrivals of goods in the spot market. The stocks in Tianjin continued to increase as demand from downstream producers weaked and some plants mainly consumed finished product inventory. Inventories in Shanghai, Guangdong and Tianjin fell 2,400 mt, and inventories across seven Chinese markets decreased 4,800 mt.