Zinc inventory rebounds on increases in Guangdong, Tianjin

SHANGHAI, Jul 27 (SMM) – Zinc social inventory in Shanghai, Guangdong, and Tianjin rose this week as arrivals from smelters and downstream consumers’ weak buying interest amid a low season drove up stocks in Tianjin and Guangdong.

Meanwhile, limited imported materials saw inventory in Shanghai little changed.

Zinc social inventory across the three regions increased by 6,100 mt from Monday to 103,300 mt as of Friday July 27, SMM data showed.

It is unlikely to slide next week as imported materials are expected to flow into the market.