Zinc social inventories fell 6,600 mt over weekend

Published: Apr 20, 2020 13:15

Save

Zinc inventories in China extended their declines over the weekend on the back of stable shipments. SMM data showed that social inventories of refined zinc ingots across Shanghai, Tianjin, Guangdong, Jiangsu, Zhejiang, Shandong and Hebei stood at 265,600 mt as of Monday April 20, down 6,600 mt from Friday April 17 and down 18,000 mt from Monday April 13.

SHANGHAI, Apr 20 (SMM) – Zinc inventories in China extended their declines over the weekend on the back of stable shipments.

SMM data showed that social inventories of refined zinc ingots across Shanghai, Tianjin, Guangdong, Jiangsu, Zhejiang, Shandong and Hebei stood at 265,600 mt as of Monday April 20, down 6,600 mt from Friday April 17 and down 18,000 mt from Monday April 13.

Guangdong and Tianjin accounted for most of the declines in overall inventories during the weekend. Shipments from Guangdong were at high levels as cargoes were partially moved to Zhejiang and Fujian and some alloy producers in Hunan procured raw materials from Guangdong. Stocks in Tianjin shrank as downstream consumers ramped up restocking last Friday.

Inventories in Shanghai, meanwhile, edged higher over the weekend amid stable arrivals and on-demand purchases.

Compared to last Friday, social inventories of refined zinc across Shanghai, Tianjin and Guangdong decreased 6,700 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

1 hour ago

Zinc Prices Fluctuated at Highs, Guangdong Spot Premiums Fell This Week [SMM Guangdong Spot Weekly Review]

[Zinc Price Fluctuates at Highs, Guangdong Premiums Fall This Week] This week, Guangdong premiums fell WoW by 15 yuan/mt. As of this Friday, mainstream 0# zinc in Guangdong was quoted at a discount of 90-60 yuan/mt against the market. The Shanghai-Guangdong price spread remained...

1 hour ago

Off-Season Characteristics Increasingly Prominent, Die-Casting Zinc Alloy Starts Lower [SMM Die-Casting Zinc Alloy Weekly Review]

[Off-Season Characteristics Becoming Increasingly Prominent, Die-Casting Zinc Alloy Operating Rate Declines] In terms of downstream demand, zipper order demand in China has been mediocre recently, while demand for luggage and apparel zippers is weak. End-use demand for jewelry and hardware has also slowed down. Regarding export orders, some orders for hardware products exported to the Middle East have been continuously decreasing, but orders shipped to Southeast Asia have been generally normal...

1 hour ago

Finished Product Inventories Rise, Zinc Oxide Operating Rate Continues to Decline [SMM Zinc Oxide Weekly Review]

[Finished Product Inventories Rise, Zinc Oxide Operating Rate Continues to Decline] This week, the operating rate of zinc oxide enterprises recorded 57.11%, down 0.34 percentage points WoW. On the inventory side, due to weakening end-use demand in some segments, some enterprises' finished products experienced inventory buildup...

1 hour ago