Domestic supply of refined zinc remains at a low level although Chinese zinc production of 577,000 tonnes in October was an all-time high and up from 537,000 tonnes a month earlier - smelters were operating close to full capacity to cash in on the rally in the zinc price.
Meanwhile, zinc stocks in Shanghai-bonded warehouses have fallen. Metal Bulletin assessed Shanghai-bonded zinc stocks at around 55,000-60,000 tonnes at the end...