Limited arrivals, downstream restocking lower zinc social inventories

Published: Jul 8, 2019 11:04

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SMM retains expectations that a continued seasonal lull may grow inventories in the weeks ahead

SHANGHAI, Jul 8 (SMM) – Zinc social inventories continued to shrink from Friday July 5, as of Monday July 8, as limited arrivals of seaborne materials and cargoes from smelters lowered stocks.

Bargain-hunting purchases by downstream consumers after zinc prices fell below 20,000 yuan/mt also accounted for the lower inventories.

SMM retains expectations that a continued seasonal lull may grow social inventories of zinc in the weeks ahead.

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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