SHANGHAI, May 27 (SMM) – Social inventories of refined zinc across Shanghai, Guangdong and Tianjin extended their declines over the weekend as more cargoes moved from warehouses in Guangdong to eastern China.
SMM data showed that inventories decreased by 21,500 mt from Monday May 20, and by 5,100 mt from Friday May 24, to stand at 137,300 mt as of Monday May 27.
With deliveries arriving at social warehouses, inventories are expected to rebound this week.
