Zinc social stocks in Shanghai, Guangdong, Tianjin dip on week

SHANGHAI, Oct 26 (SMM) – Social inventories of refined zinc across Shanghai, Guangdong and Tianjin came in at 148,900 mt as of Friday October 26, down 9,000 mt from Monday October 22 and 7,700 mt from Friday October 19, SMM data showed.

From Monday to Friday, stocks in Guangdong and Tianjin shrank 5,600 mt or 24.1%, and 2,400 mt or 3.7%, respectively, with fewer arrivals. Some smelters sent cargoes to Shanghai instead of Guangdong. Transportation issues kept cargoes from arriving at warehouses in Tianjin while the market saw improved downstream purchases.

Shanghai saw its social stocks of refined zinc barely changed for the same period as limited imported materials arrived and as downstream consumers purchased on demand.