Imports, cargoes from smelters grow zinc social stocks across Shanghai, Tianjin, Guangdong

Published: Sep 21, 2018 12:14

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The inventories stood at 119,400 mt as of Friday Sep 21, up some 1,500 mt from a week ago and up about 2,400 mt from Monday

SHANGHAI, Sep 21 (SMM) – Social inventories of refined zinc across Shanghai, Tianjin and Guangdong stood at 119,400 mt as of Friday September 21, up some 1,500 mt from a week ago and up about 2,400 mt from Monday, SMM data showed.

Arrivals of imported materials grew the stocks in Shanghai, but downstream purchases limited the growth. Stocks in Tianjin increased on arrivals from smelters including Zijin and Hongye. Stocks in Guangdong shrank as production at some smelters across the region was impacted by maintenance and Typhoon Mangkhut and as downstream consumers made some purchases.

SMM expects social inventories across the three regions to decrease next week as some downstream consumers would stockpile ahead of the week-long National Day holiday.

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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