Zinc Ingot Social Inventory in Seven Major Regions Rose 20,400 mt

SHANGHAI, Feb 18 (SMM) - As of February 18, the zinc ingot inventory across the seven major regions in China totalled 263,100 mt, up 8,800 mt from Monday February 14 and up 20,400 mt from last Friday February 11, according to SMM data. The domestic inventories continued to accumulate this week. In Shanghai, downstream producers restocked after they resumed production, but the inventory rose significantly as many cargoes arrived. In Guangdong, downstream demand improved, allowing the inventory growth to slow down. In Tianjin, the inventory continued to increase amid large arrivals and modest downstream restocking. The total inventories across Shanghai, Guangdong, and Tianjin rose by 19,600 mt from February 11.