Shanghai-bonded zinc stocks fell for five weeks

SHANGHAI, May 22 (SMM) – Inventories of zinc ingot across Shanghai-bonded areas fell for a fifth straight week this week, decreasing 3,200 mt from a week ago to 54,800 mt as of Friday May 22, showed SMM data.

An improvement in import profits triggered recent flows of foreign zinc ingots into China’s market. The stocks saw a cumulative loss of 21,600 mt over the past five weeks.