Limited arrivals from smelters lower zinc social stocks during holiday

Published: Apr 8, 2019 11:55

Save

SMM expects zinc social inventories to extend their drops this week

SHANGHAI, Apr 8 (SMM) – Fewer deliveries from smelters during the Qingming Festival holiday, the recovery of downstream demand, and limited seaborne arrivals continued to lower social inventories of refined zinc as of Monday April 8.

Social inventories of refined zinc across Shanghai, Guangdong and Tianjin decreased by 1,200 mt from pre-holiday Thursday April 4 and by 7,600 mt from Monday April 1 to stand at 202,900 mt as of Monday April 8, SMM data showed.

Lower inventories in Shanghai accounted for most of the declines. SMM expects zinc social inventories to extend their drops this 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 for 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

Jun 18, 2026 19:05

East China Zinc Market Sees Surplus, Low Premiums Amid Weak Off-Season Demand

[East China Refined Zinc Market] The east China market saw an overall surplus of zinc ingots this week. Traders adopted a passive selling approach, with spot premiums hovering at lows. Meanwhile, downstream consumption of zinc in east China showed weak performance during the off-season, leading to poor spot transactions throughout the week.

Jun 18, 2026 19:05

Jun 18, 2026 19:04

Imported Zinc Supply Disruptions Persist, Offers Scarce Amid Smelter Hesitation

[Imported Zinc Concentrate Market] Overseas ore supply disruptions have persisted recently. Offers for imported ore remained scarce this week, with some heard quoted at around -$80 to -$90/dmt, but smelters held a strong wait-and-see sentiment, keeping overall trading activity sluggish during the week.

Jun 18, 2026 19:04

China's Zinc Concentrate TCs Decline Continues Amid Ongoing Domestic Ore Shortage

[China's Zinc Concentrate Market] This week, China's zinc concentrate TCs extended their decline. In June, some domestic smelters conducted routine maintenance and cut production, but the overall refined zinc output did not drop significantly MoM. The domestic ore shortage has yet to ease, and close attention will be paid to the operating conditions of smelters going forward.

Jun 18, 2026 19:04