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Home / Metal News / Zinc Social Inventories Up 5,800 mt over Weekend

Zinc Social Inventories Up 5,800 mt over Weekend

Feb 21, 2022 13:40

Source:SMM

Total zinc inventories across seven Chinese markets stood at 268,900 mt as of February 21, up 5,800 mt from Friday February 18, and 14,600 mt from Monday February 14.

SHANGHAI, Feb 21 (SMM)—Total zinc inventories across seven Chinese markets stood at 268,900 mt as of February 21, up 5,800 mt from Friday February 18, and 14,600 mt from Monday February 14.

The inventory in Shanghai rose more slowly after the downstream resumed the production that created more purchase demand. Guangdong saw added stocks amid high arrivals and gradually rising shipments from the warehouses. In Tianjin, the arrivals were still high, while the downstream was slow in resuming the production, hence the inventory kept rising.

To sum up, the inventory in Shanghai, Guangdong and Tianjin rose 7,400 mt over weekend, while those across the seven major markets in China added 5,800 mt.

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