Zinc Inventory Dropped 9,000mt on the Week

Total zinc inventories across seven markets stood at 276,200 mt as of Friday March 18, down 9,000 mt from March 11, down 9,500 mt from March 14. Domestic inventory reduced. Overall, transport was hampered due to the pandemic. Among them, the arrivals of Shanghai market relatively reduced. Downstream transactions were improved while the zinc prices were at low and inventory reduced. Arrivals also reduced in Guangdong market, coupled with consumption, the overall inventory decreased. In the case of restricted arrivals in Tianjin market, consumption was not improved, but inventory declined slightly. Inventories in Shanghai, Guangdong and Tianjin dropped 8,000 mt, and inventories across seven markets decreased 9,000 mt.