Zinc social inventories fall as shipments from Guangdong remain en route

Published: Aug 26, 2019 13:51

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Resumption across smelters is expected to grow arrivals in the north and expand inventories as of this Friday

SHANGHAI, Aug 26 (SMM) – Zinc social inventories across Shanghai, Tianjin and Guangdong continued to decline over the weekend as shipments from Guangdong to Shanghai remained en route and as the purchases under long-term contracts lowered stocks in Shanghai.

SMM data showed that stocks across the three areas decreased by 3,900 mt from Friday August 23 and by 7,100 mt from Monday August 19 to stand at 135,800 mt as of Monday August 26.

Arrivals and on-demand procurement in the market limitedly changed inventories in Tianjin. Resumption from maintenance across smelters in north China is expected to grow arrivals in the north and expand zinc social inventories as of this Friday, SMM expects.

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.

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