Zinc Ingot Inventory down 13,200 mt from May 19

SHANGHAI, May 26 (SMM) - Zinc ingot inventories across seven major Chinese markets totalled 103,700 mt as of May 26, down 10,300 mt from May 22 and 13,200 mt from May 19. Inventories in Shanghai, Guangdong and Tianjin dipped 11,200 mt in total. Inventory in the Shanghai market decreased despite the inflow of imported spots as the downstream companies picked up goods amid crashing zinc prices. Stocks in Tianjian dropped greatly because of the low arrivals and the falling zinc prices. Zinc ingot inventory in Guangdong market also declined on the expanding demand amid the lower zinc prices.