Slower import arrivals lower zinc social stocks from Nov 19

Published: Nov 23, 2018 11:55

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Social stocks of refined zinc across Shanghai, Guangdong and Tianjin came in at 125,200 mt as of Friday

SHANGHAI, Nov 23 (SMM) – Social inventories of refined zinc across Shanghai, Guangdong and Tianjin came in at 125,200 mt as of Friday November 23, down some 4,300 mt from Monday November 19 but up 2,200 mt from last Friday.
Fewer arrivals of imports and downstream purchases on lower prices eroded inventories in Shanghai this week.

In Tianjin market, fewer orders at downstream galvanising plants in the north slowed overall demand. This, together with arrivals from domestic smelters, grew stocks.

Weak downstream demand and domestic arrivals are likely to further grow social inventories in the three areas next 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.

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