Inventories of Zinc Ingot across Seven Major Markets in China Increased 4,000 mt on the Week

SHANGHAI, May 5(SMM) -Total zinc inventories across seven markets in China stood at 281,100 mt as of May 5, up 4,000 mt from April 29, down 2,800 mt from April 25.

Inventory increased during the May Day holiday. In Shanghai, the market finally saw actual de-stocking of 900 mt under the recovery of picking up goods. In Tianjin, the market continued to de-stocking with stable arrivals and the recovery of consumption. In Guangdong, the goods arrived in the market during the holiday, with a slight increase in the market inventory under the stable consumption. Inventories in Shanghai, Guangdong and Tianjin rose 700 mt, and inventories across seven major markets in China increased 4,000 mt.