SHANGHAI, Dec 2 (SMM) – Social inventories of refined zinc across Shanghai, Tianjin, Guangdong, Jiangsu, Zhejiang, Shandong and Hebei stood at 141,500 mt as of December 2, down 800 mt from Friday November 29 and down 6,200 mt from Monday November 25, showed SMM data.
Shanghai contributed to most of the decline in overall stocks amid firm downstream demand in east China and active restocking on lower prices.
Stocks in Tianjin and Hebei edged up on the back of increased cargo arrivals and environmental production curbs dampened consumption in north China and deterred shipments out of social warehouses.
SMM data showed that social inventories of refined zinc in Shanghai, Guangdong and Tianjin fell 1,300 mt from last Friday as of Monday December 2.
