Imports grow zinc social inventories in Shanghai, Tianjin, Guangdong

SHANGHAI, Aug 24 (SMM) – A significant increase of inventories in east China bolstered social inventories of zinc across Shanghai, Tianjin and Guangdong this week, SMM research found.

Stocks across the three regions came in at 105,100 mt as of Friday August 24, up 3,900 mt from Monday but down 1,900 mt from last Friday.

This week, stocks across social warehouses in Shanghai jumped 5,800 mt, or 13.3%, to 49,300 mt.

There was a variety of imported resources in the market this week as the import arbitrage window has been open for two consecutive weeks.