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MUMBAI, 2 Dec (Commoditiescontrol): According to a Shanghai Metals Market (SMM) survey, zinc ingot inventories across seven major regions in China fell to 104,200 mt as of November 28, marking a weekly drop of 14,500 mt and a reduction of 4,000 mt from November 25.
Key regions like Shanghai, Guangdong, and Tianjin reported a combined decrease of 3,100 mt, driven by limited warehouse arrivals and increased trader sales. Despite a significant rise in zinc futures, downstream buyers showed restraint due to high prices, leading to weaker purchase demand.
This highlights ongoing supply challenges and cautious buyer sentiment in China’s zinc market, which may influence global zinc trade dynamics.
(By Commoditiescontrol Bureau; +91 98201 30172)
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