Zinc social inventories rose 1,800 mt over weekend

SHANGHAI, Jul 13 (SMM) – Zinc inventories in China rose over the weekend, due to concentrated arrivals at some regions and as a spike in prices sidelined buyers.

SMM data showed that social inventories of refined zinc ingots across Shanghai, Tianjin, Guangdong, Jiangsu, Zhejiang, Shandong and Hebei increased 1,800 mt from last Friday July 10 to 214,200 mt as of Monday July 13. The stocks were down 3,500 mt from last Monday July 6.

Compared to last Friday, social inventories of refined zinc across the three major trading hubs (Shanghai, Tianjin and Guangdong) grew 1,200 mt.

Stocks in south China’s Guangdong and north China’s Tianjin trended higher over the weekend, while east China’s Shanghai avoided an increase in zinc stocks thanks to limited arrivals.