Zinc Inventories in China Major Markets Grow Jul. 4-8

SHANGHAI, Jul. 8 (SMM) - Combined zinc inventories in Shanghai, Tianjin and Guangdong added 2,300 to 330,200 tonnes this week, SMM data show.

Zinc stocks in both Tianjin and Shanghai slid due to fewer arriving shipments from zinc smelters and dip-buying, SMM understands. But Guangdong’s zinc stocks climbed for 6 weeks in a row, with increase remarkable. Supplies increased whilst downstream consumption slowed.

Total inventories in the three regions are expected to increase slightly next week amid the off-season, SMM anticipates, despite limited goods arriving due to maintenance at smelters.

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