[SMM data] the social inventory of zinc ingots in SMM Seven places is 14400 tons lower than last Friday.

Published: Apr 3, 2020 12:13

Save

[SMM data] according to SMM, as of Friday (April 3), the total inventory of zinc ingots in SIM7 was 292600 tons, down 11400 tons from Monday (March 30) and 14400 tons from last Friday (March 27).

SMM4, March 3: according to SMM, as of Friday (April 3), the total inventory of zinc ingots in SIM7 was 292600 tons, down 11400 tons from Monday (March 30) and 14400 tons from last Friday (March 27).

This week, the social inventory of Shanghai and Tianjin area decreased mainly. It is understood that the order of galvanized structure enterprises in Shanghai area is better this week, and the willingness to buy is strong. Tianjin area is mainly driven by large galvanizing factories to go to the warehouse, stack to join the amount of storage is less, the overall go to the warehouse is more significant. Most of the die-casting zinc alloy enterprises in Guangdong and Zhejiang are mainly die-casting zinc alloy enterprises, and the downstream orders are poor, which leads to the poor willingness of enterprises to prepare storage and the degree of storage removal is very little. Overall, inventories in Shanghai, Guangdong and Tianjin fell by 11500 tons, while inventories in seven places nationwide fell by 14400 tons.

Zinc ingots inventory output

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

Ore Supply Tightness Intensified, SHFE Zinc Rose [SMM Zinc Morning Comment]

[SMM Zinc Morning Comment] Overnight, the most-traded SHFE zinc 2606 contract opened higher with a gap at 24,620 yuan/mt. At the beginning of the session, bulls increased open interest, and SHFE zinc quickly rose to a high of 24,820 yuan/mt before losing upward momentum and shifting its center lower to trade in a range. It finally closed up at 24,640 yuan/mt, gaining 260 yuan/mt or 1.07%. Trading volume fell to 78,623 lots, while open interest increased by 2,742 lots to 90,915 lots.

1 hour ago

Mine-Side Disruptions Increase, LME Zinc Continues to Rally [SMM Morning Meeting Minutes]

[SMM Morning Meeting Minutes: Increasing Mine-Side Disruptions, LME Zinc Continues to Rally] Overnight, LME zinc opened at $3,482/mt. At the beginning of the session, LME zinc briefly dipped to a low of $3,457/mt. Subsequently, bulls increased their open interest, and LME zinc fluctuated upward throughout the session, touching a high of $3,542.5/mt near the close. It ultimately closed higher at $3,532.5/mt, up $50.5/mt, a gain of 1.45%. Trading volume increased to 15,265 lots, and open interest rose by 727 lots to 242,000 lots.

1 hour ago

13 hours ago

Kazzinc’s Zinc and Lead Plants Operating at Reduced Capacity After Ust-Kamenogorsk Blast

Kazzinc said on Tuesday that its zinc and lead plants at the Ust-Kamenogorsk metallurgical complex in eastern Kazakhstan are operating at reduced capacity following last week’s explosion. The incident occurred at Kazzinc’s zinc plant, killing three people and injuring five others. Kazzinc, Kazakhstan’s largest producer of zinc, lead and precious metals and owned by Glencore, has not disclosed the extent of the impact on output. Clean-up operations and an investigation into the incident are still ongoing.

13 hours ago