SHFE STOCKS REPORT 22/03: Base metals stocks show divergent movement

摘要

Base metal stocks on Shanghai Futures Exchange-approvedwarehouses showed divergent trends during the week ending FridayMarch 22, with zinc stocks falling by 6.5% but those of aluminium,tin and lead rising.Deliverable zinc stocks at SHFE-approved warehouses declined by8,064 tonnes, or 6.5%, week on week to 115,974 tonnes.This week Qisheng saw the most stock leaving from sheds - 9,086tonnes of the metal were delivered out of the warehouse.The sharp decline in stocks was caused by supply concerns forupstream zinc concentrates.