CNY stockpiling lowers zinc social stocks across Shanghai, Guangdong, Tianjin

Published: Jan 21, 2019 14:30

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Stocks stood at 105,600 mt as of Monday Jan 21, down 1,700 mt from Friday Jan 18

SHANGHAI, Jan 21 (SMM) – Social inventories of refined zinc in Shanghai, Guangdong and Tianjin dipped 1,700 mt from Friday January 18 and 1,200 mt from Monday January 14, and stood at 105,600 mt as of Monday January 21, SMM data showed.

Despite the arrival of a small amount of domestic and seaborne materials, social stocks declined over the weekend as downstream consumers continued to stockpile for Chinese New Year (CNY).

Stocks are likely to grow as stockpiling wanes as CNY approaches.

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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