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Home / Metal News / Dropping Inventory in Three Markets to Support Zinc price?

Dropping Inventory in Three Markets to Support Zinc price?

Dec 1, 2017 17:35

Source:SMM

Up to this Friday, zinc inventory in three markets obviously drops by 10,000 tons in Shanghai, Guangdong and Tianjin.

SHANGHAI, Dec.1 (SMM)－Up to this Friday, zinc inventory in three markets obviously drops by 10,000 tons in Shanghai, Guangdong and Tianjin. SMM thinks low inventory will support zinc price at low level. Next week the price is estimated to stop dropping and stabilize.

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Total zinc inventories across seven Chinese markets stood at 268,900 mt as of February 21, up 5,800 mt from Friday February 18, and 14,600 mt from Monday February 14.

Feb 21, 2022 13:40

Analysis

Zinc Social Inventories Up 5,800 mt over Weekend

SMM Evening Comments (Feb 17): Shanghai Nonferrous Metals Closed Mixed amid Uncertainties Haunting Russia-Ukraine Issue

Shanghai nonferrous metals closed mixed as uncertainties surrounding Russia-Ukraine issue were still the biggest concern of the market, which might impact the commodity market as well as the European economic development prospect.

Feb 17, 2022 19:00

SMM Comments

SMM Evening Comments (Feb 17): Shanghai Nonferrous Metals Closed Mixed amid Uncertainties Haunting Russia-Ukraine Issue

SMM Morning Comments (Feb 14): Base Metals Mostly Closed with Losses on Friday Night under High Inflation Pressures

Shanghai base metals mostly closed with losses in the overnight trading last Friday as the US inflation hit a nearly 40-year high. LME metals performed similarly.

Feb 14, 2022 10:07

SMM Comments

SMM Morning Comments (Feb 14): Base Metals Mostly Closed with Losses on Friday Night under High Inflation Pressures

SMM Morning Comments (Feb 10): Base Metals Closed with Gains as Market Awaits US CPI

Shanghai and LME metals all closed in the positive territory as the market awaits the US CPI, which is expected to record the fastest growth in 40 years.

Feb 10, 2022 10:00

SMM Comments

SMM Morning Comments (Feb 10): Base Metals Closed with Gains as Market Awaits US CPI

SMM Evening Comments (Jan 28): Shanghai Nonferrous Metals Closed Mixed in the Last Trading Day ahead of CNY

Shanghai nonferrous metals closed mixed in the last trading day ahead of the Chinese New Year. The market was basically in the holiday mood, while the better-than-expected US GDP reading for the past quarter aroused some discussions.

Jan 28, 2022 19:00

SMM Comments

SMM Evening Comments (Jan 28): Shanghai Nonferrous Metals Closed Mixed in the Last Trading Day ahead of CNY

SMM Morning Comments (Jan 25): SHFE Base Metals Fell across the Board Overnight, Nickel Slumped 6.88%

Shanghai base metals fell across the board overnight after the investors left the market with profits. LME metals performed similarly on Tuesday.

Jan 25, 2022 09:51

SMM Comments

SMM Morning Comments (Jan 25): SHFE Base Metals Fell across the Board Overnight, Nickel Slumped 6.88%

SMM Morning Comments (Jan 24): SHFE Base Metals Closed Mixed on Friday ahead of the US Fed Interest Meeting

Shanghai base metals closed mixed on Friday night ahead of the US Fed’s interest meeting. LME metals basically dropped in the trading on Friday.

Jan 24, 2022 09:54

SMM Comments

SMM Morning Comments (Jan 24): SHFE Base Metals Closed Mixed on Friday ahead of the US Fed Interest Meeting

SMM Evening Comments (Jan 19): Shanghai Nonferrous Metals Mostly Closed with Gains amid Rising Commodity Prices

Shanghai nonferrous metals mostly closed with gains amid rising commodity prices including crude oil. While the first press conference held by the People’s Bank of China in 2022 put forward the theme of “stability” with paramount importance.

Jan 19, 2022 19:00

SMM Comments

SMM Evening Comments (Jan 19): Shanghai Nonferrous Metals Mostly Closed with Gains amid Rising Commodity Prices

SMM Evening Comments (Dec 22): Shanghai Nonferrous Metals Mostly Closed with Gains amid Rising Oil Prices

Shanghai nonferrous metals mostly closed in the positive territory amid rising international crude prices after it is reported that API crude stock dropped 2.86 million mt barrels from the previous session.

Dec 22, 2021 19:00

SMM Comments

SMM Evening Comments (Dec 22): Shanghai Nonferrous Metals Mostly Closed with Gains amid Rising Oil Prices

SMM Morning Comments (Dec 6): Base Metals Closed Mixed amid Cautious Macro Sentiments

Shanghai base metals were trending mixed on Monday morning amid cautious macro sentiments. Meanwhile, their counterparts on LME performed similarly.

Dec 6, 2021 10:02

SMM Comments

SMM Morning Comments (Dec 6): Base Metals Closed Mixed amid Cautious Macro Sentiments

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Dropping Inventory in Three Markets to Support Zinc price?

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NET ZERO EUROPE - Solar & Energy Storage Summit

2nd Li-ion Battery Europe 2024

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