SHANGHAI, Jun 13(SMM) -
Total zinc inventories across seven major markets in China stood at 232,600 mt as of June 13, up 800 mt from June 10 but down 2,300 mt from June 6.
Overall, the inventory in the seven markets increased slightly.
In Shanghai, the market sentiment was less active in receiving goods this week. Traders and downstream enterprises mostly remained wait-and-see with market inventory increasing slightly. In Tianjin, thanks to the increase in the operating rates of galvanising enterprises, the market purchasing demand increased with improved transactions. However, when the supply in Tianjin returned to normal, the arrivals increased with slight decline in inventory. In Guangdong, due to the impact of the repeated pledge of aluminium at warehouses, the market arrivals weakened and the inventory dropped slightly amid stable shipments.
Inventories in Shanghai, Guangdong and Tianjin rose 1,200 mt, and inventories across seven major markets in China increased 800 mt.
