Zinc social inventories rose 3,200 mt over weekend

SHANGHAI, Dec 28 (SMM) – Zinc inventories in China increased over the weekend. SMM data showed that social inventories of refined zinc ingots across Shanghai, Tianjin, Guangdong, Jiangsu, Zhejiang, Shandong and Hebei expanded by 3,200 mt from last Friday December 25 to 146,200 mt as of Monday December 28. The stocks were down 7,800 mt from last Monday December 21.

Arrivals of imported zinc boosted inventories in Shanghai, stable arrivals of cargoes and fewer shipments out of warehouses led to an increase in Guangdong stocks, and tepid consumption in Tianjin lifted local zinc inventories.

Stocks across the three major trading hubs (Shanghai, Tianjin and Guangdong) rose 5,100 mt over the weekend.