Zinc Inventories Grow in China Major Markets, SMM Reports

SHANGHAI, Jan. 6 (SMM) - Combined zinc inventories in Shanghai, Tianjin and Guangdong added 9,500 to 210,600 tonnes this past week, SMM data show.

Inventories in Guangdong fell, and those in the other two increased.

Arbitrage operation drove shipments from Guangdong to Shanghai after the price spread between the two regions expanded to above RMB 300/mt. Downstream demand was weak, though, slowing outward shipments.

Total inventories in the three regions will grow slightly next week, SMM said. 

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