Social inventories of zinc ingots across seven major markets in China

SMM data shows that social inventories of zinc ingots across seven major markets in China totalled 199,300 mt as of Thursday March 28, up 1,100 mt from March 21 but down 4,300 mt from March 25. Shanghai's inventory decreased during the week. Despite inflows of imported zinc ingots, buying on the dip resulted in a decrease in overall inventory. Inventories in Guangdong were reduced. Both arriving shipments and delivery-taking were brisk. Inventories in Tianjin decreased slightly. Shipments arrivals in Tianjin were normal. Downstream order placing and delivery-taking were postponed as zinc prices were running at low levels. Inventories in Shanghai, Guangdong and Tianjin fell 2,400 mt.