Zinc social inventories fell 2,200 mt on week

Published: Oct 23, 2020 15:28

Save

Zinc inventories in China fell moderately this week, primarily propelled by the increase in Guangdong and Shanghai.

SHANGHAI, Oct 23 (SMM) – Zinc inventories in China fell moderately this week, primarily propelled by the increase in Guangdong and Shanghai.

SMM data showed that social inventories of refined zinc ingots across Shanghai, Tianjin, Guangdong, Jiangsu, Zhejiang, Shandong and Hebei decreased 2,200 mt in the week ended October 23 to 160,600 mt, after an increase of 13,800 mt in the previous week. The stocks rose 800 mt from Monday October 19.

Zinc inventories in east China's Shanghai piled up in the week but decreased from last Friday as rising prices suppressed downstream demand, and the inflow of imported zinc slowed down.

Arrivals of individual smelters in Guangdong decreased with downstream rigid demand, leading to the decrease in local zinc stocks.

The normal arrivals of smelters and weak orders of downstream galvanised tubes lifted inventories in Tianjin.

Stocks across the three major trading hubs (Shanghai, Tianjin and Guangdong) fell 2,400 mt this week, after a 10,700 mt increase last week.

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

May 1, 2026 21:22

South32 Raises Hermosa Taylor Capex by Over 50%, Delays Production to 2028 H1

On April 30th, South32 raised the development cost estimate for the Taylor deposit at its Hermosa zinc-silver project in Arizona, US, and delayed the timeline. First-stage capital expenditure has increased by more than 50%, from $2.2 billion in the 2024 FS to $3.3 billion. First production has been delayed by one year to H2 FY2028, full production has also been pushed back to FY2031. Cost increase was mainly due to contractor underperformance, slower-than-expected construction productivity, scope changes, inflation, US tariffs and higher input costs. Progress on a key ventilation shaft is the main bottleneck now. But the company also noted that ore reserves at Taylor increased by 52%, mineral resources rose by 10%, extending the expected mine life from 28 years to around 33 years.

May 1, 2026 21:22

Apr 30, 2026 19:11

Monthly Production Declined: Refined Zinc Faces Dual Pressure from Raw Material Supply and Costs [SMM Analysis]

[Monthly Production Declined: Refined Zinc Faces Dual Pressure from Raw Material Supply and Costs] Overall, refined zinc production release in April and May fell short of expectations, mainly because as ex-China mine disruptions increased and China's ore recovery remained limited, TCs accelerated downward. Imported TCs have already dropped to $39.25/dmt, while China's weekly TCs broke below historical lows to 850 yuan/mt in metal content...

Apr 30, 2026 19:11

Apr 30, 2026 17:15

Tibet Huayu Reports 2025 Annual Growth in Zinc and Lead-Antimony, Decline in Gold Production

[Tibet Huayu 2025 Annual Report Released] On April 29, Tibet Huayu released its 2025 annual report. In 2025, the company completed zinc concentrates production of 21,300 mt in metal content, up 9.07% YoY, lead-antimony concentrates with silver content production of 19,000 mt in metal content, up 14.56% YoY, and gold concentrates of 1,002 kg, down 46.66% YoY.

Apr 30, 2026 17:15