Home / Metal News / Zinc / Arrivals bolster zinc social inventories in Shanghai, Tianjin, Guangdong
Arrivals bolster zinc social inventories in Shanghai, Tianjin, Guangdong
Oct 15,2018 12:18CST
data analysis
Source:SMM
Stocks stood at 158,500 mt as of Monday Oct 15, up 5,100 mt from Friday Oct 12 and 11,200 mt from Monday Oct 8

SHANGHAI, Oct 15 (SMM) – Social inventories of refined zinc across Shanghai, Tianjin and Guangdong stood at 158,500 mt as of Monday October 15, up 5,100 mt from Friday October 12 and 11,200 mt from Monday October 8, SMM data showed.

Over the weekend, warehouses in Guangdong received significant arrivals as domestic smelters stepped up shipments. Many cargoes were put on warrant for delivery, given current high prices and wide spot discounts.

There was no significant change in stocks across Shanghai and Tianjin over the weekend. Widening Shanghai-Tianjin price spreads encouraged traders and smelters to send cargoes from Tianjin to Shanghai.

SMM expects social stocks of refined zinc across the three regions to extend their gains as smelters who offer high prices are keen to offload cargoes and as purchasing enthusiasm across downstream consumers is tepid.

Inventory data
Zinc

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news