Zinc social stocks in Shanghai, Guangdong, Tianjin dip on week

Published: Oct 26, 2018 13:53

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Stocks came in at 148,900 mt as of Friday Oct 26, down 9,000 mt from Monday Oct 22 and 7,700 mt from Friday Oct 19

SHANGHAI, Oct 26 (SMM) – Social inventories of refined zinc across Shanghai, Guangdong and Tianjin came in at 148,900 mt as of Friday October 26, down 9,000 mt from Monday October 22 and 7,700 mt from Friday October 19, SMM data showed.

From Monday to Friday, stocks in Guangdong and Tianjin shrank 5,600 mt or 24.1%, and 2,400 mt or 3.7%, respectively, with fewer arrivals. Some smelters sent cargoes to Shanghai instead of Guangdong. Transportation issues kept cargoes from arriving at warehouses in Tianjin while the market saw improved downstream purchases.

Shanghai saw its social stocks of refined zinc barely changed for the same period as limited imported materials arrived and as downstream consumers purchased on demand.

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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