Zinc Inventories Add in China Major Markets, SMM Reports

Published: Jul 31, 2017 12:02

Save

Combined zinc inventories in Shanghai, Tianjin and Guangdong increased 200 tonnes to 122,600 tonnes last week, according to SMM data.

SHANGHAI, Jul. 31 (SMM) – Combined zinc inventories in Shanghai, Tianjin and Guangdong increased 200 tonnes to 122,600 tonnes last week, according to SMM data.

Inventories in Guangdong were steady, and those in Shanghai declined. Arriving shipments of imported zinc in Shanghai were limited, and downstream buyers purchased as needed. Besides, some zinc smelters reduced shipments to Shanghai because of price spread between Shanghai and Tianjin.

China Zinc Concentrate TCs Hold Stable on Ore Tightness in August, SMM Reports

Zinc inventories in Tianjin grew nearly 4,000 tonnes on a weekly basis. Shipments from Zijin Mining arrived. This, combined with more shipments to Tianjin by some smelters and weak downstream buying interest, added to inventories in Tianjin.

Fundamentals to Keep Zinc Prices High This Week, SMM Foresees

Total inventories in the three regions will remain steady this week, SMM Predicts.

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

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 for 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

6 hours ago

SHFE/LME price ratio rebounds and consolidates around 6.8, export window opens [SMM Zinc SHFE/LME Price Ratio Weekly Review]

[SHFE/LME price ratio rebounds to around 6.8 and consolidates]: This week, the SHFE/LME price ratio rebounded slightly from lows to around 6.8, with the zinc ingot export window still open. Outside China, the escalating Middle East conflict pushed up oil prices, the US dollar weakened, and nonferrous metals rebounded across the board. Fundamentals side, LME inventory remains low in absolute terms, the 0-3 backwardation structure holds above $130/mt, spot supply outside China is tight, and LME zinc is showing relative strength.

6 hours ago

7 hours ago

Data: SHFE, DCE market movement (Sep 04)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 04 Sep , 2026

7 hours ago

8 hours ago

High Prices Suppress Market Demand, Die-Casting Zinc Alloy Market Performance Remains Weak [SMM Die-Casting Zinc Alloy Weekly Review]

[High prices suppress market demand, die-casting zinc alloy market performance remains subdued] This week, operating rates pulled back, mainly disrupted by extreme weather in east China, with some enterprises experiencing temporary production halts. On the end-use consumption side, constrained by high zinc prices, downstream hardware fittings enterprises showed strong fear of high prices......

8 hours ago