Zinc social inventories shrink on sharp drop in Guangdong

Published: Oct 19, 2018 13:06

Save

Zinc stocks across Shanghai, Tianjin, Guangdong shrank 1,900 mt from Monday Oct 15 to stand at 156,600 mt as of Friday Oct 19

SHANGHAI, Oct 19 (SMM) – Social inventories of refined zinc across Shanghai, Tianjin and Guangdong shrank 1,900 mt from Monday October 15 to stand at 156,600 mt as of Friday October 19 as stocks in Guangdong decreased by 4,300 mt, or some 15%, SMM data showed.

In Guangdong, warrants traded in the physical market after the delivery and downstream consumers stepped up procurement.

During the same period, stocks in Shanghai grew 2% as arrivals of imports and domestic materials were largely offset by downstream purchases. Stocks in Tianjin remained at relatively high levels so far this year.

SMM data also showed that the overall inventories across the three regions went up 3,100 mt from Friday October 12.

Overall stocks are likely to increase next week in anticipation of arrivals of imports and domestic materials.

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

35 mins ago

Zinc Ingot Inventory Down 4,700 mt in Seven SMM Locations as of September 17

[SMM Flash] According to SMM communication, as of Thursday (September 17), the total zinc ingot inventory across seven SMM locations was 213,500 mt, down 4,700 mt from September 10 and down 9,000 mt from September 14. China's inventory decreased.

35 mins ago

1 hour ago

Zinc Prices Drop, Boosting Inventory Replenishment and Spot Premiums in East China Market

【East China Refined Zinc Market】According to SMM data, zinc prices fell to around RMB 26,000/mt this week, prompting downstream buyers to actively replenish inventories at lower price levels. On September 17, Shanghai zinc ingot inventories fell by 7,600 mt from September 14 to 75,300 mt. Meanwhile, opportunities remained available in bill transactions. With overall zinc ingot availability in the Shanghai market relatively limited recently, holders remained firm on offers, driving spot premiums across the East China market steadily higher.

1 hour ago

2 hours ago

Zhongjin Lingnan: Fankou lead-zinc mine to resume production from September 17

Zhongjin Lingnan announced that its Fankou lead-zinc mine has completed rectification in accordance with the relevant work requirements of the Guangdong Provincial Department of Emergency Management, and has passed the acceptance inspections by higher-level safety regulatory authorities at each level. Production will resume from September 17, 2026. The company previously disclosed that at approximately 9:45 a.m. on August 1, 2026, a roof fall accident occurred in an underground stope access at the Fankou lead-zinc mine, resulting in one fatality. After the accident, the company received the "Notice on Ordering the Fankou Lead-Zinc Mine to Suspend Production" issued by the Shaoguan Emergency Management Bureau, and the Fankou lead-zinc mine suspended production in accordance with the notice.

2 hours ago