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Home / Metal News / Zinc social inventories extend slide

Zinc social inventories extend slide

Aug 20, 2018 15:31

Source:SMM

Social inventories across Shanghai, Tianjin and Guangdong shrank from a week ago as imports mostly moved downstream directly

SHANGHAI, Aug 20 (SMM) – Social inventories of zinc across Shanghai, Tianjin and Guangdong shrank substantially from a week ago as imported cargoes moved directly downstream.

Inventories came in at 101,200 mt as of Monday August 20, down 21,900 mt from Monday August 13 and down 5,800 mt from last Friday, SMM data showed. Inventory declines in Shanghai and Guangdong accounted for most of the overall decline.

Most imported cargoes moved directly to downstream buyers while limited stocks entered warehouses. As zinc prices fell, smelters held back from selling while downstream made purchases for restocking.

Inventory data

Zinc

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Industry

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Zinc social inventories shrank 3,600 mt on week

SMM data showed that social inventories of refined zinc ingots across Shanghai, Tianjin, Guangdong, Jiangsu, Zhejiang, Shandong and Hebei decreased 3,600 mt in the week ended July 2 to 112,900 mt. The stocks fell 3,600 mt from Monday June 28.

Jul 2, 2021 15:04

Analysis

Zinc social inventories shrank 3,600 mt on week

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Zinc social inventories extend slide

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NET ZERO EUROPE - Solar & Energy Storage Summit

2nd Li-ion Battery Europe 2024

2024 Global Renewable Metal Industry Chain Summit