Home / Metal News / Precious Metals / Zinc Stocks in Major Chinese Markets Grow This Week
Zinc Stocks in Major Chinese Markets Grow This Week
Nov 27,2015 16:00CST
smm insight
Source:SMM
Combined zinc inventories in major Chinese markets, including Shanghai, Tianjin and Guangdong, added 1000 tonnes this past week to 313,500 tonnes, SMM sources reports.

SHANGHAI, Nov. 27 (SMM) - Combined zinc inventories in major Chinese markets, including Shanghai, Tianjin and Guangdong, added 1000 tonnes this past week to 313,500 tonnes, SMM sources reports.

Zinc smelters held back goods early this week but increased supplies later the week due to rising zinc prices and month-end liquidity crunch, with large inflows of imported zinc.

Zinc inventories in Shanghai remained largely unchanged and are expected to grow next week. Zinc smelters stepped up supplies in the latter half of the week, and there were also arriving shipments from Guangdong.

Guangdong’s zinc reserves fell further as some goods were shipped to Shanghai due to the price spread between the two regions. Some smelters sold only modestly. Tianjin saw inventories grow significantly thanks to sufficient supplies from Zijin Mining, Chifeng NFC Zinc Industry Co. and Shaanxi Zinc Industry’s Shangluo Smelter.

Total zinc inventories in the three regions are expected to grow more noticeably next week due to smelters selling proactively, weaker demand and additional inflows of imported zinc, SMM says.

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

 


zinc inventories
Shanghai zinc inventories
Guangdong zinc inventories
Tianjin zinc inventories
zinc smelters
zinc inventories

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news

MOST POPULAR
data analysis
data analysis
data analysis
data analysis
data analysis