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

8 hours ago

Stronger US Dollar Weighed on SHFE Zinc, Which Slipped in Daytime Trading [SMM Zinc Futures Brief Commentary]

[Stronger Dollar Weighs, SHFE Zinc Slips in Day Session]: The most-traded SHFE zinc 2604 contract opened at 24,555 yuan/mt. Early in the session, SHFE zinc touched a high of 24,720 yuan/mt, then fluctuated downward. Near the close, SHFE zinc dipped to 24,320 yuan/mt, and finally closed down at 24,370 yuan/mt, down 155 yuan/mt, a decline of 0.63%..

8 hours ago

10 hours ago

Data: SHFE, DCE market movement (Mar 03)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 03 Mar , 2026

10 hours ago

17 hours ago

SHFE zinc maintained range-bound trading with upside room blocked [SMM Zinc Morning Comment]

[SHFE Zinc Morning Comment] Overnight, SHFE zinc recorded a bearish candlestick, with the 20-day moving average forming resistance above and the 40-day moving average providing support below. SHFE zinc fluctuated within a range overnight. On the fundamentals side, social inventory increased by more than 35,000 mt as consumption has not yet recovered, limiting upside room, and...

17 hours ago