Zinc Ingot Inventories Across Seven Major Chinese Markets Fell Last Week

Zinc ingot inventories across seven major Chinese markets totalled 102,900 mt as of June 2, down 3,400 mt from May 29 and 800 mt from May 26. Arrivals in Shanghai market were low, and some customers that bought goods at lows in the previous week took deliveries last week, which resulted in a small inventory decline.

In Tianjin, arrivals were limited, and downstream buyers also took deliveries. Traders delivered goods under long-term contracts actively.

Therefore, inventories dropped sharply. In Guangdong, arrivals were normal, and shipments weakened due to high zinc prices in the second half of the week, which led to inventory growth. The inventory in Shanghai, Guangdong and Tianjin decreased by 2,800 mt.

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