China Zinc Inventories Grow in Major Markets

Published: Jan 29, 2016 17:59

Save

Combined zinc inventories in Shanghai, Tianjin and Guangdong added 11,400 to 336,600 tonnes this past week, SMM data show.

SHANGHAI, Jan. 29 (SMM) - Combined zinc inventories in Shanghai, Tianjin and Guangdong added 11,400 to 336,600 tonnes this past week, SMM data show.

Stocks in Shanghai were stable, with lower shipments from Chihong Zn&Ge from maintenance. Both Guangdong and Tianjin reported higher stocks. Outward shipments decreased after downstream producers suspended operation ahead of the 2016 Chinese New Year holiday. Arriving shipments were stable. Some traders in Tianjin replenished stocks at lows, adding to local warehouse inventories, despite no arriving shipments of Zijin zinc.

Total zinc inventories in the three regions should grow further next week, SMM predicts. Outward shipments will continue falling due to downstream closures for the holiday.

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

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 to learn more information, please contact: lemonzhao@smm.cn

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