Stockpiling caps gains in zinc social inventories

Published: Jan 14, 2019 14:24

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Stocks across Shanghai, Guangdong and Tianjin stood at 106,800 mt as of Monday Jan 14, up some 2,000 mt from Friday Jan 11

SHANGHAI, Jan 14 (SMM) – Social inventories of refined zinc across Shanghai, Guangdong and Tianjin stood at 106,800 mt as of Monday January 14, up some 2,000 mt from Friday January 11 and 2,800 mt from Monday January 7, SMM data showed.

The import arbitrage window opened on Thursday and generated arrivals of imported zinc at social warehouses over the weekend.

Stockpiling across downstream consumers ahead of the Chinese New Year holiday capped the gains in social inventories.

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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