Imports, domestic materials grow zinc social inventories

Published: Oct 22, 2018 11:57

Save

Stocks across Shanghai, Tianjin and Guangdong rose by some 1,300 mt from last Friday to 157,900 mt as of Monday Oct 22

SHANGHAI, Oct 22 (SMM) – Imports and domestic materials grew social inventories of refined zinc across Shanghai, Tianjin and Guangdong by some 1,300 mt from last Friday to 157,900 mt as of Monday October 22, SMM data showed.

Inventories shrank 700 mt from Monday October 15. While imports and domestic cargoes grew stocks in Shanghai and Tianjin, limited arrivals and downstream purchases kept inventories in Guangdong flat over the weekend.

SMM expects limited upward room in overall stocks this week.

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

49 mins ago

Salazar Resources Updates Curipamba-El Domo Project in Ecuador, Targets July 2027 Production Start

On September 9, Salazar Resources updated progress on the Curipamba-El Domo polymetallic project in Ecuador, a JV with Silvercorp in which Salazar holds 25% (carried to production) and Silvercorp holds 75% as operator. The project has measured and indicated resources of 11.4 Mt grading 1.85% Cu, 2.11 g/t Au, 2.42% Zn and 0.22% Pb. Designed throughput is 666,000 t/year, with first production expected in July 2027 and an 11.5-year mine life.

49 mins ago

50 mins ago

Nicola Mining Completes Treasure Mountain Mine Assessment, Aims for 2027 Restart

On September 9, Nicola Mining announced completion of an underground assessment of the Treasure Mountain silver-lead-zinc mine (~30 km NE of Hope, BC, Canada) by independent engineering firm McElhanney, advancing the 2027 resumption plan. Portals 1 and 2 remain accessible and intact; main workings, crosscuts, stoped-out areas and partial historical infrastructure are in place; natural ventilation is unobstructed; no impediments to further evaluation were identified, though localized support rehabilitation is required.

50 mins ago

Chengtun Mining to Acquire 65% Stake in Tibet Haiteng for RMB 709M, Boosting Silver-Lead-Zinc Resources

On September 3, Chengtun Mining announced that subsidiary Sichuan Shengfengyuan Mining will acquire a 65% stake in Tibet Haiteng Industrial from Liu Zongjun for RMB 709 million; the target will be consolidated upon closing. Tibet Haiteng holds exploration permits for the Baga-La (East) lead-zinc mine in Mozhugongka and Linzhou counties, Lhasa, Tibet, valid from July 28, 2026 to July 27, 2031, covering 42.0668 sq km. The target mine contains silver at large-deposit scale, lead and zinc at medium-deposit scale, with medium grades and favorable ore quality. The deal will increase the company's silver-lead-zinc resource base and optimize its mineral portfolio.

50 mins ago