Arrivals grow social inventories of refined zinc in Guangdong, Tianjin

SHANGHAI, Nov 26 (SMM) – Social inventories of refined zinc across Shanghai, Guangdong and Tianjin stood at 126,300 mt as of Monday November 26, up 1,100 mt from Friday November 23 but down 3,200 mt from Monday November 19, SMM data showed.

Over the weekend, stocks in Guangdong and Tianjin expanded as more cargoes from smelters arrived, while stocks in Shanghai declined with fewer seaborne arrivals.

Social stocks of refined zinc across the three regions are unlikely to rebound this week amid improved purchasing interest among downstream consumers.