Zinc inventory drops in falling market-Shanghai Metals Market

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Zinc inventory drops in falling market

Data Analysis 01:23:10PM Jul 13, 2018 Source:SMM

SHANGHAI, Jul 13 (SMM) – Zinc social inventory in Shanghai, Guangdong and Tianjin fell further over the week ended Friday July 13 on limited arrivals and growing shipments leaving warehouses, SMM research found.

The inventory decreased over 10,000 mt from Monday to 99,300 mt as of July 13 with lower stocks across all three regions.

As futures prices tumbled earlier this week, smelters held back from selling but downstream consumers stockpiled at low prices. In addition, many smelters chose to undertake maintenance in July, which shrank the arrivals in the market.

We expect inventories to inch up next week in anticipation of inflows of imported materials as the import window temporarily opened this week. Downstream consumers have also stockpiled this week.

 

Key Words:  Inventory data   Zinc 

Price

more
1# Zinc
Apr.18
21860.0
-200.0
(-0.91%)
0# Zinc
Apr.18
21930.0
-200.0
(-0.90%)
T/C for domestic zinc concentrate
Apr.01
6350.0
200.0
(3.25%)
T/C for imported zinc concentrate
Apr.01
240.0
5.0
(2.13%)
Zinc Alloy (Zamak3/ZX01)
Apr.18
22830.0
-200.0
(-0.87%)

Zinc inventory drops in falling market

Data Analysis 01:23:10PM Jul 13, 2018 Source:SMM

SHANGHAI, Jul 13 (SMM) – Zinc social inventory in Shanghai, Guangdong and Tianjin fell further over the week ended Friday July 13 on limited arrivals and growing shipments leaving warehouses, SMM research found.

The inventory decreased over 10,000 mt from Monday to 99,300 mt as of July 13 with lower stocks across all three regions.

As futures prices tumbled earlier this week, smelters held back from selling but downstream consumers stockpiled at low prices. In addition, many smelters chose to undertake maintenance in July, which shrank the arrivals in the market.

We expect inventories to inch up next week in anticipation of inflows of imported materials as the import window temporarily opened this week. Downstream consumers have also stockpiled this week.

 

Key Words:  Inventory data   Zinc