Zinc social inventories grow as weak consumption fails to deplete imports

Published: Sep 14, 2018 14:32

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Stocks stood at 117,800 mt as of Friday Sep 14, up 2,600 mt from Monday and 6,400 mt from last Friday

SHANGHAI, Sep 14 (SMM) – Social inventories of refined zinc across Shanghai, Tianjin and Guangdong extended their weekend gains this week as weak consumption failed to deplete inflows of imported materials in an open import arbitrage window, SMM research found.

Arrivals from domestic smelters also bolstered inventories.

Stocks stood at at 117,800 mt as of Friday September 14, up 2,600 mt from Monday and 6,400 mt from last Friday.

SMM expects zinc social inventories across the three regions to continue to increase.

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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