Copper, zinc and lead stocks on the Shanghai Futures Exchange were up week on week on Friday January 18 in a quiet trading week in China, while aluminum, nickel and tin stocks fell.
Deliverable zinc stocks at SHFE-approved warehouses rose by 9.25% or 2,492 tonnes to 29,434 tonnes in the week to Friday. Shanggang Logistic had 3,495 tonnes of zinc delivered into its warehouse, an increase of 300% or 2,622 tonnes compared with a week prior. Trading volume has thinned ahead of the Chinese New Year holidays (February 4-10). Some trading offices in China will start to close for the holiday this...