Zinc inventories climb on delivery from smelters, imports

Published: Oct 8, 2018 15:22

Save

Social inventories of refined zinc across Shanghai, Tianjin and Guangdong came in at 147,400 mt as of Monday Oct 8

SHANGHAI, Oct 8 (SMM) – Social inventories of refined zinc across Shanghai, Tianjin and Guangdong came in at 147,400 mt as of Monday October 8, SMM data showed.

This was up 20,700 mt from Tuesday September 25 and up 26,000 mt from Friday September 28. Stocks of the three consumption areas all registered increases during the National Day holiday.

Smelters mostly maintained regular delivery during the week-long holiday, while downstream consumers took breaks for a few days and made limited purchases.

An open import arbitrage window encouraged importers to move cargoes into the domestic market, and this also grew zinc inventories across social warehouses.

SMM expects a slight decline in the inventories after the holiday week as most downstream plants would restock and resume normal production.

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 to learn 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

Tibet Summit Resources Unveils 2025 Annual Report, Outlines 2026 Mining and Processing Goals

[Tibet Summit Resources 2025 Annual Report Released] On April 23, Tibet Summit Resources released its 2025 annual report. In 2026, the lead-zinc-copper mine plans to achieve a mining volume of 4.25 million mt, an ore output of 4 million mt, a mineral processing volume of 3.84 million mt, and a lead-zinc-copper-silver metal content output of 150,000 mt. Currently, Tazhong Mining has completed construction of 4 million mt/year mining and processing capacity and 50,000 mt crude lead smelting capacity, and is implementing an additional 2 million mt mining and processing expansion project as well as a smelting industry chain extension project.

1 hour ago

A Zinc Smelter in Northwest China to Resume Production at Month-End of April, with Output Increasing by 5,000-6,000 mt in May

[A Zinc Smelter in Northwest China Expected to Resume After Maintenance by Month-End of April] According to SMM, a zinc smelter in northwest China was expected to resume after maintenance by the end of April, with production estimated to increase by 5,000-6,000 mt in May.

1 hour ago

2 hours ago

South China Zinc Weekly Arrivals Decreased, Attention on Inventory Performance Before Labour Day Holiday

[Zinc Arrivals in South China Decreased Within the Week] According to SMM, zinc inventory in South China saw a notable decline within the week, mainly due to the coincidence of the "March 3rd" festival holiday within the week, combined with increased factory-pickup shipments from some smelters, which led to reduced arrivals at smelters. On the consumption side, high zinc prices suppressed end-use consumption. Going forward, attention should be paid to inventory performance against the backdrop of enterprise stockpiling ahead of the Labour Day holiday.

2 hours ago