SHANGHAI, Jul 22 (SMM) – Zinc social inventories across Shanghai, Tianjin and Guangdong picked up during the weekend as warehouses saw greater arrivals from smelters after their resumption from maintenance and as downstream consumption remained slow.
SMM data showed that stocks across the three areas rose by 5,600 mt from Friday July 19 and by 4,800 mt from Monday July 15 to stand at 151,100 mt as of Monday July 22. Inventories in Shanghai, Tianjin and Guangdong all expanded.
Zinc social inventories are expected to continue to accumulate in the weeks to come.
