Zinc social inventories fall on holiday stockpiling, lack of import inflows

SHANGHAI, Sep 12 (SMM) – Social inventories of refined zinc across Shanghai, Tianjin and Guangdong fell by 2,900 mt from Friday September 6, and 3,800 mt lower from Monday September 9 to stand at 141,600 mt as of Thursday September 12, showed SMM data.

Shanghai contributed mainly to the decline as downstream consumers stockpiled ahead of the Mid-Autumn holidays.

On the other hand, cargo inflows reduced on the closure of the arbitrage window between Shanghai and Guangdong and limited inflow of seaborne materials.