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Home / Metal News / Zinc Stocks in Chinese Major Markets Grow This Week

Zinc Stocks in Chinese Major Markets Grow This Week

iconAug 28, 2015 15:33
Total zinc inventories in Chinese major markets, including Shanghai, Tianjin and Guangdong grew 6,700 tonnes this past week, according to SMM data.

SHANGHAI, Aug. 28 (SMM) –Total zinc inventories in Chinese major markets, including Shanghai, Tianjin and Guangdong grew 6,700 tonnes this past week, according to SMM data.

Inventories in Tianjin posted slight increases as shipments from Chifeng NFC Zinc Industry Co. and Zijin Mining arrived. At the same time, downstream purchases slid after downstream processors cut output.

Shanghai’s zinc inventories climbed further with continuous inflows of imported zinc and arriving shipments from Guangdong.

Guangdong reported a decline in zinc inventories. Some smelters were actively selling to Shanghai and Ningbo whilst reducing supplies to Guangdong now that the price spread between Shanghai and Guangdong widened to 150 yuan per tonne at one point. Besides, outward shipments increased due to dip-buying.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn. 

 


Shanghai zinc inventories
Guangdong zinc inventories
Tianjin zinc inventories
zinc inventories
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

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