Social inventories of refined zinc dip as lower prices buoy consumption

Published: Mar 11, 2019 11:22

Save

Lower zinc prices on Mar 8 bolstered downstream purchases, and shrank inventories over the weekend

SHANGHAI, Mar 11 (SMM) – Social inventories of refined zinc across Shanghai, Guangdong and Tianjin registered their first post-CNY decline over the weekend of March 9-10.

SMM data showed that social inventories of refined zinc across the three areas decreased 1,000 mt from Friday March 8, but increased 4,000 mt from Monday March 4 to stand at 222,100 mt as of Monday March 11.

Lower prices of zinc on March 8 bolstered downstream purchases, and this shrank inventories over the weekend.

SMM expects further downstream recovery, after the political sessions in Beijing, to continue to deplete social inventories in the weeks ahead.

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 to learn 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

20 hours ago

Terminal Performance "Uneven," Zinc Oxide Chinese New Year Break Up YoY

20 hours ago

Dual Pressures Force Die-Casting Zinc Alloy Firms to Lengthen Chinese New Year Holidays

Approaching the 2026 Chinese New Year, SMM conducted communication and research on the pre-holiday break arrangements of domestic die-casting zinc alloy enterprises. This survey covered 20 enterprises, with a total annual capacity of 829,000 mt, involving a zinc consumption scale during the holiday period of approximately 45,548 mt.

20 hours ago

Data: SHFE, DCE market movement (Feb 06)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 06 Feb , 2026

20 hours ago