Zinc inventory edges down with limited imports

Published: Jul 23, 2018 15:06

Save

Zinc social inventory in Shanghai, Guangdong, and Tianjin inched down some 2,700 mt from last Friday

SHANGHAI, Jul 23 (SMM) – Zinc social inventory in Shanghai, Guangdong, and Tianjin fell some 2,700 mt from last Friday to 97,300 mt as of Monday July 23, SMM data showed.

A drop of 4,100 mt was seen in Shanghai due to limited arrivals from smelters and less-than-expected inflow of imported materials. This led to the overall decline.

Inventories rose just 700 mt each in Tianjin and Guangdong, as smelters destocked when prices picked up, and as local environmental probes affected downstream consumption.

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.

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

11 mins ago

Shanghai Zinc: Futures zinc prices rise significantly, market trading atmosphere sluggish [SMM midday review]

[Shanghai Zinc: Futures Zinc Prices Rise Significantly, Market Trading Atmosphere Sluggish] Today, mainstream transaction prices for #0 zinc were concentrated at 26,880-27,100 yuan/mt, with no transactions for Shuangyan, and mainstream transactions for #1 zinc were at 26,810-27,030 yuan/mt. In early trading, market quotes against the SMM average price were at a premium of 40-60 yuan/mt, with no quotes against futures...

11 mins ago

13 mins ago

Ningbo zinc: Downstream enterprises remain on the sidelines, spot market sluggish [SMM midday commentary]

[Ningbo zinc: Downstream enterprises remain on the sidelines, spot market sluggish] The mainstream brand 0# zinc transaction price in the Ningbo market was around 26,900-27,100 yuan/mt. Conventional brands in Ningbo were quoted at a discount of 55 yuan/mt against the 2610 contract, at a premium of 50 yuan/mt against Shanghai spot cargo, and mainstream quotes in the Ningbo area were against the 2609 contract.

13 mins ago

22 mins ago

Guangdong zinc: Zinc prices continue to rise, trading in Guangdong is poor [SMM midday commentary]

[Guangdong: Zinc prices continue to rise, transactions in Guangdong are poor] Guangdong 0# zinc was mainly traded at 26,870-27,070 yuan/mt, mainstream brands were quoted at a discount of 90-80 yuan/mt against the 2610 contract, a premium of 20 yuan/mt against Shanghai spot, and the Shanghai-Guangdong price spread widened...

22 mins ago