Zinc inventory rises over the weekend with inflow of imported zinc

SHANGHAI, Jun 19 (SMM) – Social inventory of zinc across Shanghai, Guangdong and Tianjin extended its increase over the Dragon Boat Festival long weekend due to inflow of imported zinc into Shanghai and more deliveries from smelters to Tianjin, SMM data showed.

As of June 19, inventory in the three markets amounted to 157,800 mt, up 13,200 mt from Friday June 15. Inventory in Shanghai increased over 10,000 mt from Friday, while inventory in Guangdong went up slightly on limited arrivals due to maintenance at local smelters.