Zinc inventory rebounds on increases in Guangdong, Tianjin

Published: Jul 27, 2018 13:11

Save

Zinc social inventory in Shanghai, Guangdong, and Tianjin rose this week

SHANGHAI, Jul 27 (SMM) – Zinc social inventory in Shanghai, Guangdong, and Tianjin rose this week as arrivals from smelters and downstream consumers’ weak buying interest amid a low season drove up stocks in Tianjin and Guangdong.

Meanwhile, limited imported materials saw inventory in Shanghai little changed.

Zinc social inventory across the three regions increased by 6,100 mt from Monday to 103,300 mt as of Friday July 27, SMM data showed.

It is unlikely to slide next week as imported materials are expected to flow into the market.

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 to learn 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

1 hour ago

Ongoing Middle East Tensions, LME Zinc Trading in a Volatile Range [SMM Zinc Morning Meeting Minutes]

[SMM Zinc Morning Meeting Summary: Ongoing Middle East Tensions, LME Zinc Trades in a Range]: Overnight, LME zinc opened at $3,468.5/mt. Early in the session, LME zinc touched a high of $3,474/mt before pulling back to near the daily average line in a volatile move. It then hovered at lows, with LME zinc hitting an intraday low of $3,428.5/mt, ultimately closing lower at $3,454/mt, down $12.5/mt or 0.36%. Trading volume decreased to 9,295 lots, while open interest rose by 1,971 lots to 231,000 lots...

1 hour ago

SHFE Zinc Fluctuated in Night Session, Focus on Subsequent Consumption Performance [SMM Zinc Morning Comment]

[SMM Zinc Morning Comment: SHFE Zinc Fluctuated During Night Session, Attention on Subsequent Consumption Performance] During the night session, the most-traded SHFE zinc 2606 contract opened at 24,370 yuan/mt. At the beginning of the session, SHFE zinc touched a high of 24,370 yuan/mt before quickly falling to near the daily average line, then fluctuated around it. During the session, SHFE zinc hit a low of 24,255 yuan/mt and ultimately closed down at 24,315 yuan/mt, dropping 25 yuan/mt..

1 hour ago

14 hours ago

Feihushan Lead-Zinc Mine Project Advances in Heilongjiang, Aims for 300,000 mt Annual Ore Capacity

[Lead-Zinc Ore Market Dynamics] A project advancement meeting for the Feihushan lead-zinc mine was held this week in Huzhong District, Heilongjiang, chaired by Guan Jingjun, Deputy Secretary of the District Party Committee and District Governor. The total investment for the Feihushan lead-zinc polymetallic mine development project is expected to be 396.7111 million yuan, with all required funds to be self-raised by the enterprise. Upon completion, the project will have an annual capacity of 300,000 mt of raw ore (including 200,000 mt of lead-zinc ore and 100,000 mt of iron ore). The mineral processing products will be lead concentrates, zinc concentrates, and iron ore concentrates, with a service life of 14 years (excluding a 4-year construction period).

14 hours ago