Zinc social inventories rose 4,600 mt over weekend

SHANGHAI, Oct 26 (SMM) – Zinc inventories in China expanded over the weekend, with stocks in Shanghai and Tianjin rising relatively sharply.

SMM data showed that social inventories of refined zinc ingots across Shanghai, Tianjin, Guangdong, Jiangsu, Zhejiang, Shandong and Hebei increased 4,600 mt from last Friday October 23 to 165,200 mt as of Monday October 26. The stocks were up 5,400 mt from last Monday October 19.

Stepped-up production at smelters and increased arrivals of cargoes boosted inventories in Shanghai, and stocks in Guangdong and Tianjin also rose due to weaker downstream demand.