Guangdong Zinc Inventories Fall to Record Low, Pressure Mounts before Delivery, SMM Reports

Published: Jun 9, 2017 13:34

Save

Zinc ingot inventories in Guangdong fell 6,200 tonnes to a record low of 26,000 this past week, SMM learns.

SHANGHAI, Jun. 9 (SMM) - Zinc ingot inventories in Guangdong fell 6,200 tonnes to a record low of 26,000 this past week, SMM learns.

As of the end of mid-day trading on June 9, positions on June zinc on the SHFE were 25,230. With limited supplies from zinc smelters, goods available for delivery, which is due after 4 trading days, are still insufficient.

SMM Analysis: Is SHFE Zinc Facing Rising Short Squeeze Risk before Delivery?

Milpo to Release New Resource Assessment for Shalipayco Zinc Mine in Early 2018

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

zinc inventories Guangdong zinc inventories 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 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

Related News

9 hours ago

Data: SHFE, DCE market movement (Mar 05)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 05 Mar , 2026

9 hours ago

15 hours ago

Weaker Dollar, Zinc Prices Posted a Bullish Candlestick [SMM Zinc Morning Comment]

[SMM Zinc Morning Comment] Overnight, SHFE zinc posted a small bullish candlestick, with the middle Bollinger Bands line above forming resistance. Zinc prices were driven by the LME and trended relatively strong; however, in the absence of clear destocking...

15 hours ago

16 hours ago

Rising Prices of Surrounding Metals Drove a Rise in LME Zinc [SMM Morning Meeting Minutes]

[SMM Morning Meeting Minutes: Gains in Surrounding Metal Prices Drove a Rise in LME Zinc] Overnight, LME zinc ended its decline and moved into positive territory, with the 60-day daily average providing support below. Overnight, a weaker US dollar boosted a broad rise in nonferrous metals; meanwhile, affected by the Middle East conflict, ...

16 hours ago