Imports, arrivals from smelters grow zinc inventories

Published: Aug 3, 2018 13:41

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Social inventories of zinc in Shanghai, Guangdong, and Tianjin grew 11,600 mt from last Friday to 115,000 mt as of Friday Aug 3

SHANGHAI, Aug 3 (SMM) – Social inventories of zinc in Shanghai, Guangdong, and Tianjin grew 11,600 mt from last Friday to 115,000 mt as of Friday August 3, SMM data showed.

Inflows of imports and limited downstream consumption grew inventories in Shanghai by 3,800 mt on the week. Stocks in Guangdong and Tianjin rose as more cargoes arrived from smelters.

SMM expects inventories to extend its increase next week as more imports are likely to enter 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.

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