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Shanghai bonded zinc stocks rise 4,800 tonne on week

Metal News - Published on Tue, 21 May 2019

Image Source: Metal Bulletin
SMM reported that stocks of refined zinc across Shanghai-bonded warehouses extended their increase this week as import losses drove forward cargoes to the bonded stocks, instead of to the domestic markets.

SMM data showed that the stocks expanded 4,800 tonne on the week and posted 107,000 tonne as of May 17, after an increase of 3,000 tonne during the previous two weeks.

The bonded stocks have accumulated by 19,800 tonne in the recent five weeks as of May 17.

Source :

Posted By : Rabi Wangkhem on Tue, 21 May 2019
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