SHANGHAI, Dec 24 (SMM) – Limited arrivals of imported and domestic cargoes, together with on-demand purchases from downstream buyers, extended declines in zinc social stocks, SMM data showed.
Social inventories of refined zinc across Shanghai, Guangdong and Tianjin came in at 94,000 mt as of Monday December 24, down some 3,400 mt from last Friday and down 5,000 mt from Monday December 17, according to SMM data.
Stocks in all three markets shrank from Friday December 21. Declines are likely to slow this week as smelters step up deliveries at the year-end, SMM expects.
