Zinc social inventories rose 3,400 over weekend

SHANGHAI, Jun 1 (SMM) – Zinc inventories in China rose over the weekend, as limited demand failed to offset the arrival of imported materials in Shanghai and deliveries from Guangdong to Tianjin.

SMM data showed that social inventories of refined zinc ingots across Shanghai, Tianjin, Guangdong, Jiangsu, Zhejiang, Shandong and Hebei increased 3,400 mt from last Friday May 29 to 219,000 mt as of Monday June 1. The stocks were down 3,100 from last Monday May 25.

Compared to last Friday, social inventories of refined zinc across the three major trading hubs—Shanghai, Tianjin and Guangdong—increased 4,000 mt, following a fall of 8,400 mt in the week ended May 29.