Zinc social inventories increased 11,700 mt over weekend

Published: Feb 17, 2020 14:39

Save

Zinc inventories in China continued to trend higher over the weekend, as demand remained muted amid the epidemic outbreak

SHANGHAI, Feb 17 (SMM) – Zinc inventories in China continued to trend higher over the weekend, as demand remained muted amid the epidemic outbreak.

SMM data showed that social inventories of refined zinc across Shanghai, Tianjin, Guangdong, Jiangsu, Zhejiang, Shandong and Hebei stood at 272,500 mt as of Monday February 17, up 11,700 mt from Friday February 14 and 40,800 mt from Monday February 10.

All the seven regions saw inventories rise over the weekend, with the biggest gain in Guangdong as arrivals by rail were steady. The gain in Tianjin was limited as supply of mainstream brands dwindled.

Compared to last Friday, social inventories of refined zinc across Shanghai, Tianjin and Guangdong climbed 10,500 mt.

Inventory data Zinc

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

8 mins ago

China Inventory Continued to Increase, Market Intertwined with Bullish and Bearish Factors [SMM Zinc Morning Comment]

[SMM Zinc Morning Comment] Overnight, the most-traded SHFE zinc 2606 contract opened lower with a gap at 24,180 yuan/mt. At the beginning of the session, SHFE zinc fluctuated downward with small fluctuations to a low of 24,125 yuan/mt. Subsequently, bears reduced their open interest, and the price fluctuated upward above the daily average line to a high of 24,250 yuan/mt. At the end of the session, it moved sideways, ultimately closing lower at 24,205 yuan/mt, down 45 yuan/mt or 0.19%. Trading volume decreased to 37,900 lots, and open interest decreased by 1,278 lots to 92,124 lots.

8 mins ago

10 mins ago

Macro and Fundamentals Resonate, LME Zinc Center Shifts Higher [SMM Morning Meeting Minutes]

[SMM Morning Meeting Minutes: Macro and Fundamentals Resonate, LME Zinc Center Rises] Overnight, LME zinc opened at $3,365/mt. At the beginning of the session, LME zinc dipped slightly to $3,357/mt, then prices continued to rise, reaching a high of $3,442/mt. Late in the session, prices pulled back slightly from highs to consolidate, ultimately closing up at $3,409.5/mt, up $51/mt, a gain of 1.52%. Trading volume increased to 101,000 lots, and open interest increased by 4,648 lots to 236,000 lots.

10 mins ago

14 hours ago

Newmont Reports 35% Increase in Q1 2026 Zinc Production, Aims for 220,000 mt Annually

[Newmont Announced Q1 2026 Production] On April 23, Newmont released its Q1 2026 report, which showed that its zinc concentrates production was 62,000 mt in Q1, up 35% YoY, mainly due to improved grade at the Peñasquito mine. Its zinc concentrates production guidance for 2026 was 220,000 mt.

14 hours ago