Base metals inventories went up in Shanghai Futures Exchange-registered warehouses in the week to Friday February 5, with the the sole exception of nickel, and with zinc showing the biggest rise in percentage terms, up by 34.9% over the week.
Zinc inventories rose by 15,615 tonnes week on week to 60,361 tonnes, from 44,746 tonnes the week before.The inflows mainly came to warehouses operated by Nanchu in Guangdong and by Quansheng Logistics in Shanghai, with respective increases of 3,349 tonnes and 3,156 tonnes. This took their totals up to 9,500 tonnes and 16,629 tonnes this week respectively, according to the stocks...