Zinc Inventories to Stay Low in China Major Three Markets Next Week, SMM Says

Published: Sep 8, 2017 17:36

Save

Total zinc inventories in Shanghai, Tianjin and Guangdong will remain low next week, SMM predicts.

SHANGHAI, Sept. 8 (SMM) – Total zinc inventories in Shanghai, Tianjin and Guangdong will remain low next week, SMM predicts.

Why Zinc Price Spread Expand Sharply between Tianjin and Shanghai? SMM Reports

Downstream buying interest was strong as zinc prices slumped in the latter half of this week. Despite inflows of imported zinc, outward shipments were also high. Together with maintenance at smelters around Tianjin and Guangdong, total inventories in the three regions will remain low, SMM explained.

Zinc Spot Premiums Hold Firm as Delivery Nears, SMM Reports

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

24 mins ago

Zinc Ingot Inventory Decreases in SMM Regions, China's Stockpile Rises

【SMM Flash】According to SMM communication, as of this Monday (July 6), the total zinc ingot inventory across the seven SMM regions was 265,800 mt, a decrease of 3,500 mt from June 29 and an increase of 900 mt from July 2. China’s inventory increased.

24 mins ago

3 hours ago

LME Zinc Surge Drives SHFE Zinc Rise [SMM Zinc Morning Comment]

[SMM Zinc Morning Comment] Last Friday, the most-traded SHFE zinc 2608 contract opened at 24,400 yuan/mt. At the beginning of the session, it briefly dipped to a low of 24,340 yuan/mt. Subsequently, bulls added positions, and the contract drifted higher, hitting a high of 24,495 yuan/mt at the end of the session. It finally closed up at 24,470 yuan/mt, up 175 yuan/mt, or 0.72%. Trading volume decreased to 45,864 lots, while open interest increased by 494 lots to 90,804 lots.

3 hours ago

Rate hike expectations pull back, supporting the upward shift of LME zinc's center [SMM Morning Meeting Summary]

[SMM Morning Meeting Summary: Pullback in Rate Hike Expectations Supports LME Zinc Center Uptick] Last Friday, LME zinc opened at $3,471/mt, which marked the intraday low. Subsequently, bulls added to positions, and LME zinc climbed steadily, hitting a high of $3,549/mt near the end of the session. It finally closed up at $3,548/mt, up $75.5/mt, a gain of 2.17%. Trading volume dipped to 9,993 lots, while open interest increased by 2,517 lots to 271,000 lots.

3 hours ago