Zinc inventory edges down on limited imports

Published: Aug 6, 2018 13:48

Save

China’s social inventory of zinc across Shanghai, Tianjin and Guangdong edged down over the weekend

SHANGHAI, Aug 6 (SMM) – China’s social inventory of zinc across Shanghai, Tianjin and Guangdong edged down over the weekend as limited import arrivals failed to drive up overall stocks amid some downstream purchases, SMM research found.

The inventory figure came in at 113,500 mt as of Monday August 6, down 1,400 mt from Friday August 3 but up 9,200 mt from Monday July 30, SMM data showed.

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

Tianjin Zinc: Zinc prices surge to highs, market sees almost no transactions [SMM Midday Commentary]

[Tianjin Zinc: Zinc Prices Surge to Highs, Market Sees Almost No Trading] In the Tianjin market, mainstream transactions for #0 zinc ingot were at 26,760-27,110 yuan/mt, Zijin traded at 27,050-27,310 yuan/mt, #1 zinc ingot traded near 26,830-27,050 yuan/mt, Zijin was quoted at a premium of 100-150 yuan/mt against the 2610 contract, Huxin was quoted at 28,250 yuan/mt, #0 zinc ingot was quoted at a discount of 50-160 yuan/mt against the 2610 contract, and the Tianjin market was quoted at a discount of 50 yuan/mt against the Shanghai market.

11 mins ago

2 hours ago

Social inventory destocking significantly boosts sentiment; SHFE zinc consolidates on a strong note [SMM Morning Meeting Summary]

[SMM Morning Meeting Summary: Significant Social Inventory Drawdown Boosts Sentiment, SHFE Zinc Consolidates on a Strong Note] Yesterday, the LME was closed due to the UK Summer Bank Holiday. Overnight, the SHFE zinc 2610 contract opened at 26,660 yuan/mt, hitting its intraday low right at the open, then drifted higher to touch a high of 27,035 yuan/mt, and finally closed at 26,950 yuan/mt, up 240 yuan/mt, or 0.90%. Trading volume decreased to 85,705 lots, while open interest increased by 5,442 lots to 171,000 lots...

2 hours ago

Social inventory destocking notably boosts sentiment; SHFE zinc consolidates on a strong note [SMM Zinc Morning Comment]

[SMM Zinc Morning Comment] LME was closed yesterday due to the UK Summer Bank Holiday. Overnight, the SHFE zinc 2610 contract opened at 26,660 yuan/mt, hitting its intraday low right at the open, then drifted higher to touch a high of 27,035 yuan/mt before closing at 26,950 yuan/mt, up 240 yuan/mt, or 0.90%. Trading volume decreased to 85,705 lots, while open interest increased by 5,442 lots to 171,000 lots...

2 hours ago