Shanghai-bonded zinc stocks fall 200 mt on week

Published: Jul 12, 2019 15:35

Save

Stocks decreased by 200 mt from a week ago to stand at 90,500 mt as of Jul 12

SHANGHAI, Jul 12 (SMM) – Stocks of refined zinc across Shanghai-bonded warehouses fell for a seventh straight week, but at a slower pace, this week, as a recovery in import profits was insufficient to open the arbitrage window.

SMM data showed that stocks decreased by 200 mt from a week ago to stand at 90,500 mt as of Friday July 12, after a dip of 400 mt in the week ended July 5.

Import losses narrowed by 300-500 yuan/mt following the collapse of the backwardation structure on London zinc, but the import arbitrage window remained closed.

A lack of arbitrage opportunities and a substantial increase in domestic supply held traders back from purchasing seaborne cargoes, keeping foreign trades light.

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

6 hours ago

Data: SHFE, DCE market movement (Jun 09)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 09 Jun , 2026

6 hours ago

7 hours ago

LME Drives SHFE Zinc Higher, But Upside Pressure Remains [SMM Zinc Futures Brief Comment]

[LME drives SHFE zinc higher but resistance still caps upside] The most-traded SHFE zinc 2607 contract opened at 24,700 yuan/mt. After opening, SHFE zinc quickly hit a high of 24,795 yuan/mt. Subsequently, bulls reduced positions, and SHFE zinc quickly fell to 24,585 yuan/mt. Then, bears reduced positions, and SHFE zinc pared back and recovered some of its losses. It ended up at 24,760 yuan/mt, up 130 yuan/mt, or 0.53%. Trading volume fell to 98,537 lots, and open interest decreased by 2,008 lots to 89,897 lots.....

7 hours ago

China’s inventory buildup continued and SHFE zinc center pulled back [SMM Zinc Review]

[China Inventory Buildup Continues SHFE Zinc Center Pulls Back] The most-traded SHFE zinc 2607 contract opened at 24,680 yuan/mt, with bulls cutting positions at the open, then swung wildly below the daily average line. During the session, it touched a high of 24,740 yuan/mt, and near the close dipped to a low of 24,555 yuan/mt, finally ending down at 24,630 yuan/mt, a decline of 65 yuan/mt or 0.26%. Trading volume rose to 68,195 lots, and open interest fell by 4,987 lots to 91,905 lots.....

7 hours ago