SHANGHAI, Oct 29 (SMM) – Social inventories of refined zinc across Shanghai, Guangdong and Tianjin increased by 1,800 mt from Friday October 26 to stand at 150,700 mt as of Monday October 29, SMM data showed.
Stocks in Shanghai grew some 4,000 mt, or 5.75%, over the weekend as imported materials entered domestic markets. Stocks in Shanghai-bonded areas saw the first weekly increase in close to six months last week.
Market participants should monitor seaborne arrivals at ports, which are likely to further grow social stocks.
