Downstream recovery slows gains in zinc social inventories in Shanghai, Guangdong, Tianjin

Published: Mar 1, 2019 11:40

Save

Stocks rose 6,600 mt from Friday February 22 and 2,400 mt from Monday February 25 to stand at 214,800 mt as of Friday Mar 1

SHANGHAI, Mar 1 (SMM) – The growth of refined zinc inventories across social warehouses across Shanghai, Tianjin and Guangdong slowed this week as downstream consumers gradually recovered from the holidays and as arrivals from smelters held stable.

SMM data showed that social inventories of refined zinc in the three regions rose 6,600 mt from Friday February 22 and 2,400 mt from Monday February 25 to stand at 214,800 mt as of Friday March 1. The stocks gained 21,300 mt in the week ended February 22.

Social inventories of refined zinc across Shanghai, Tianjin and Guangdong would still likely see moderate gains next week if consumption fails to see substantial improvement.

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

Aug 14, 2026 18:12

SHFE Zinc Prices Consolidate at Highs, Weak Downstream Demand Dampens Spot Trading

[Shanghai Refined Zinc Market] This week, SHFE zinc futures prices consolidated at highs, with the overall center up notably WoW. In the off-season, overall orders at downstream enterprises remained poor, and amid persistent fear of high prices, overall zinc ingot purchasing interest during the week was weak. Overall spot trading during the week was sluggish; traders had difficulty selling, and spot premiums fell during the week.

Aug 14, 2026 18:12

Ningbo Zinc Market Sees Stable Supply and Steady Premiums Amid Moderate Demand

[Ningbo Refined Zinc Market] This week, the Ningbo market had ample overall spot supply, traders' selling quotations were relatively stable, and overall spot premiums changed little. Demand side, orders at downstream alloy plants had yet to improve significantly, spot zinc ingot purchases were mainly based on rigid demand, and market transactions were moderate. Ningbo spot premiums are expected to continue consolidating next week.

Aug 14, 2026 18:12

China's Port Zinc Concentrate Inventories Drop by 36,000 mt WoW to 244,000 mt

[Port Zinc Concentrate Inventories] This week, SMM zinc concentrate inventories at main ports in China totaled 244,000 mt in physical content, down 36,000 mt WoW, with Fangchenggang Port inventories accounting for the main decline.

Aug 14, 2026 18:12