Limited arrivals, downstream purchases shrink zinc inventory

Published: Aug 17, 2018 15:11

Save

Social inventories of zinc across Shanghai, Tianjin and Guangdong declined substantially this week

SHANGHAI, Aug 17 (SMM) – Social inventories of zinc across Shanghai, Tianjin and Guangdong dropped substantially this week with downstream purchases and limited arrivals from smelters.

The inventory figure came in at 107,000 mt as of Friday August 17, down 16,200 mt, or 13%, from Monday and down 15,900 mt from last Friday, SMM data showed. Inventory drops in Shanghai and Guangdong contributed to the overall decline.

As zinc prices fell, smelters held back from selling while downstream made purchases for restocking. Overall trading was more active than last week. Typhoon Rumbia also delayed some arrivals.

Stocks are likely to halt such decline next week if more imported materials flow into the domestic 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 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

1 hour 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...

1 hour 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...

1 hour ago

16 hours ago

Overseas Zinc Production Drops 8.9% in H1 2026, SMM Data Shows

SMM tracked the production performance of 17 major overseas mining companies. Based on their disclosed production data, the 17 sampled companies produced a total of 2.4578 million mt of zinc in H1 2026, down 8.9% year on year, indicating a significant decline in overseas zinc concentrate production in H1 2026.

16 hours ago