Zinc inventory grows on imported zinc to Shanghai

Published: Jun 8, 2018 11:54

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Social inventories of zinc as of Friday June 8 increased 12,900 mt from Monday June 4 and stood at 131,300 mt across Shanghai, Guangdong and Tianjin

SHANGHAI, Jun 8 (SMM) – Social inventories of zinc as of Friday June 8 increased 12,900 mt from Monday June 4 and stood at 131,300 mt across Shanghai, Guangdong and Tianjin, SMM data showed.

Inventory in Shanghai rose 17,600 mt this week due to an inflow of imported zinc and sluggish downstream demand on high zinc prices. Inventory inched up 300 mt during the week in Guangdong, but declined 5,000 mt in Tianjin with fewer deliveries as more smelters in north China underwent maintenance.

We expect inventory in Shanghai to rise further next week with as imported zinc continues to enter the market.

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Inventory data 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.

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