Zinc Social Inventories Flat over Weekend

SHANGHAI, Dec 20 (SMM) - Total zinc inventory across seven Chinese markets stood at 124,200 mt as of December 20, flat from December 17, but down 2,300 mt from December 13.

The inventories remained flat over the weekend.Stocks in Shanghai rose slightly as smelters ramped up shipments on higher transaction prices than Guangdong and Tianjin and the restocking by the downstream producers was not bad. Guangdong saw a decline in stocks as the arrivals of goods in the market declined and downstream producers increased restocking when zinc prices trended lower. The stocks in Tianjin continued to increase amid relatively weak demand. Inventories in Shanghai, Guangdong and Tianjin rose 100 mt, and inventories across seven Chinese markets were flat.