Imports further grow zinc social inventories on the weekend

Published: Aug 27, 2018 15:51

Save

Stocks across major markets Shanghai, Tianjin, and Guangdong gained 4,700 mt as of Monday Aug 27, up from Friday Aug 24

SHANGHAI, Aug 27 (SMM) – Imports grew social inventories of zinc over the weekend even as deliveries from smelters remained limited. Imports rose with an open import arbitrage window that has been open for two consecutive weeks.

Stocks across the major markets of Shanghai, Tianjin, and Guangdong came in at 109,800 mt as of Monday August 27, up 4,700 mt from Friday August 24 and up 8,600 mt from Monday August 20.

As of August 27, stocks across social warehouses in Shanghai jumped 3,800 mt from last Friday to 53,100 mt. This accounted for for most of the increase in social inventories.

SMM believes that social inventories are unlikely to drop this week if downstream consumption remains sluggish and if smelters increase deliveries as zinc prices pick up.

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

23 mins ago

Fundamental support was insufficient, and SHFE zinc pulled back significantly from highs during the night session [SMM Zinc Morning Comment]

[SMM Zinc Morning Comment: Insufficient Fundamental Support Led to Noticeable Pullback from Highs in Night Session SHFE Zinc] Overnight, the most-traded SHFE zinc 2609 contract opened at 25,250 yuan/mt, hitting a high of 25,250 yuan/mt before rapidly consolidating and pulling back. It touched a low of 24,780 yuan/mt during the session, then rebounded slightly from the low, ultimately closing down at 24,920 yuan/mt, a decline of 460 yuan/mt..

23 mins ago

24 mins ago

Bulls in the Near-Month Squeeze Continued to Push Up Zinc Prices, LME Zinc Recorded a Four-Year High [SMM Zinc Morning Meeting Minutes]

[SMM Zinc Morning Meeting Minutes: Nearby Month Squeeze Bulls Continue to Push Up Zinc Prices, LME Zinc Hits Four-Year High]: Overnight, LME zinc opened at $3,645.5/mt, initially fell and then rose, hitting a high of $3,703.5/mt during the session, then continuously pulled back from the high, and near the end of the session dipped to a low of $3,618/mt, finally closing down at $3,634/mt, losing $6/mt, or 0.16%. Trading volume increased by 4,655 lots to 18,193 lots···

24 mins ago

16 hours ago

Data: SHFE, DCE market movement (Aug 03)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 03 Aug , 2026

16 hours ago