SHANGHAI, Sep 26 (SMM) - According to SMM data, the zinc ingot inventories across seven major markets in China totalled 94,000 mt as of September 26, up 1,300 mt over the weekend and down 2,300 mt on a weekly basis. In the Shanghai market, zinc ingots of Qinlin shipped directly by smelters did not arrive yet while some enterprises picked up cargoes over last weekend. Therefore, the inventory in Shanghai dropped slightly. The arrivals in the Guangdong market were stable, but the trades were fewer than those in the previous week. The downstream buyers were not enthusiastic about stocking up, and thus the inventory in south China increased slightly. The arrivals in the Tianjin market were stable over last weekend, and downstream enterprises were not willing to pick up cargoes as they had received some cargoes directly from smelters. As a result, the inventory in Tianjin continued to add. On the whole, inventories in Shanghai, Guangdong and Tianjin slipped 100 mt, and those across seven major markets in China gained 1,300 mt.
