Zinc stocks in Shanghai Futures Exchange-registered warehouses fell the most in percentage terms by 9.5% or 7,987 tonnes to 76,512 tonnes in the week to Friday August 14.
The outflows mainly came from warehouses run by R&S Logistics in Shanghai and Nnachu in Guangdong with declines respectively of 1,386 tonnes and 4,860 tonnes to 12,061 tonnes and 28,549 tonnes. "The import arbitrage window has been closed since early May, and China's...