SHFE STOCKS REPORT 29/03: Zinc stocks drop 5.3% on improving downstream demand

March 30, 2019 / www.metalbulletin.com / Article Link

Zinc stocks held in Shanghai Futures Exchange-approved warehouses dropped by 5.3% week on week as of Friday March 29 on improving consumer demand.

Deliverable zinc stocks at SHFE-approved warehouses have fallen by 6,170 tonnes since March 22 to 109,804 tonnes as of this Friday. This week's fall follows a sharp drop of 8,064 tonne on March 22, before which stocks had been climbing continuously since the beginning of this year. Quansheng Logistics in Shanghai...

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