Limited arrivals prevent buildup in zinc social inventories

SHANGHAI, Aug 2 (SMM) – Zinc social inventories across Shanghai, Tianjin and Guangdong continued to shrink this week, as limited domestic, seaborne materials arrived amid on-demand purchases from downstream consumers, showed an SMM survey on Friday August 2.

SMM data showed that stocks across the three areas fell by 200 mt from Friday July 26 and by 100 mt from Monday July 29 to stand at 144,300 mt as of Friday August 2.

Continued maintenance at domestic smelters slowed their deliveries and import losses deterred inflow of foreign cargoes.