SHANGHAI, Dec 17 (SMM)—Total zinc inventories across seven Chinese markets stood at 124,200 mt as of December 17, down 2,300 mt from December 13 and 1,100 mt from December 10.
The inventory in Shanghai fell sharply as some major plants implemented maintenance, and market demand for goods in Shanghai increased due to delivery hindering out of Covid-19 pandemic in Ningbo. Guangdong saw an increase in the overall inventory amid growing arrivals of goods in the spot market and muted demand from downstream producers. The stocks in Tianjin continued to increase as demand from downstream producers remained weak and some plants mainly digested raw material inventory. Inventories in Shanghai, Guangdong and Tianjin fell 1,800 mt, and inventories across seven Chinese markets decreased 1,100 mt.
