Shanghai-bonded zinc stocks dip for 3 weeks

SHANGHAI, Jun 17 (SMM) – With a short squeeze on SHFE zinc and arbitrage opportunities, stocks of refined zinc across Shanghai-bonded warehouses fell for a third straight week in the week ended June 14, declining 5,400 mt week on week to stand at 92,600 mt, showed SMM data.

Greater supplies of imported zinc available in the spot markets also indicated that cargoes were leaving bonded warehouses and entering the domestic markets.