Deliverable zinc stocks at Shanghai Futures Exchange-approved warehouses increased 13,216 tonnes or 16.2% week on week to 94,769 tonnes as of Friday February 2.
Metal Bulletin last assessed Shanghai-bonded zinc stocks at around 203,000-205,000 tonnes at the end of January, up 29.5% from 155,000-160,000 tonnes on January 3 and 92.5% compared to January 2017. Stock levels have predominantly been in a downtrend since last June and reached the bottom of 55,000-60,000 tonnes last October, before it climbed up to a historical high of 155,000-160,000 tonnes on January 3, its highest since Metal Bulletin began assessments in April 2015. ...