Non-ferrous

Non-ferrous

Base Metals

Rare Earth

Scrap Metals

Minor Metals

Precious Metals

Ferrous Metals

Ferrous Metals

Iron Ore Index Iron Ore Price Finished Steel Coke Coal Pig Iron Silicon Steel

New Energy

New Energy

Solar Lithium Cobalt Ternary Precursor and Material Anode Materials Chemical Compound Lithium-ion Battery Used Lithium-ion Battery Sodium-ion Battery Hydrogen Energy Energy Storage

Dashboard DatabasePro Reports Events Car Insight

Home / Metal News / Social inventories of refined zinc dip as lower prices buoy consumption

Social inventories of refined zinc dip as lower prices buoy consumption

Mar 11, 2019 11:22

Source:SMM

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

For queries, please contact Michael Jiang at michaeljiang@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news

Lead Ingot Social Inventories Expanded 13,600 mt on Week

Social inventories of lead ingots across Shanghai, Guangdong, Zhejiang, Jiangsu and Tianjin expanded 13,600 mt from last Friday July 23 to 172,600 mt as of July 30. This was up 6,500 mt from Monday July 26 and registered a new high since October 2014.

time

Jul 30, 2021 16:02

Lead Ingot Social Inventories Expanded 13,600 mt on Week

China Steel Rebar Inventory Down 22,700 mt on Week

Inventories of rebar across Chinese steelmakers and social warehouses stood at 11.35 million mt as of July 29, down 22,700 mt or 0.20% from a week ago. Stocks are up 1.82% from a year earlier.

time

Jul 30, 2021 11:05

China Steel Rebar Inventory Down 22,700 mt on Week

Lead Ingot Social Inventories Expanded 7,100 mt over Weekend

Social inventories of lead ingots across Shanghai, Guangdong, Zhejiang, Jiangsu and Tianjin expanded 7,100 mt from last Friday July 23 to 166,100 mt as of July 26. This was up 7,000 mt from Monday July 19 and registered a new high since October 2014.

time

Jul 26, 2021 14:46

Lead Ingot Social Inventories Expanded 7,100 mt over Weekend

China weekly inventory summary and data wrap (Jul 23)

This is a roundup of China's metals weekly inventory as of July 23.

time

Jul 23, 2021 20:00

China weekly inventory summary and data wrap (Jul 23)

SMM Morning Comments (Jul 23): Shanghai base metals were mostly higher on dovish ECB comments

Shanghai base metals mostly cruised higher on Friday morning amid dovish comments from European Central Bank. Meanwhile, their counterparts on the LME traded mixed.

time

Jul 23, 2021 10:00

SMM Morning Comments (Jul 23): Shanghai base metals were mostly higher on dovish ECB comments

Aluminium billet inventories fell 1,200 mt on week

SMM data showed that aluminium billet stocks across the five major consumption areas — Foshan, Wuxi, Huzhou, Changzhou and Nanchang — in China decreased 0.9% or 1,200 mt from a week ago to 119,600 mt as of Thursday July 22.

time

Jul 22, 2021 16:41

Aluminium billet inventories fell 1,200 mt on week

SMM Evening Comments (Jul 19): Shanghai nonferrous metals ended mixed as investors monitored virus and digested OPEC deal

SHFE nonferrous metals closed mixed on Monday July 19 as markets digested the latest OPEC + announcement regarding oil production, and continued to brood on inflation and rising Covid-19 cases.

time

Jul 19, 2021 18:00

SMM Evening Comments (Jul 19): Shanghai nonferrous metals ended mixed as investors monitored virus and digested OPEC deal

NDRC: To further release copper, aluminium, and zinc reserves, strictly penalise price bidding

NDRC will continue to follow the deployment of the executive meeting of the State Council, work with relevant departments to strengthen the monitoring and forecast of commodity prices, organise subsequent release of copper, aluminium, zinc and other national reserves, and pay close attention to abnormal market price fluctuations.

time

Jul 19, 2021 16:36

NDRC: To further release copper, aluminium, and zinc reserves, strictly penalise price bidding

SMM Morning Comments (Jul 16): Shanghai base metals rose across the board as jobless claims data helped

Shanghai base metals all cruised higher on Friday morning after the head of the Federal Reserve told Congress he saw no need to rush the shift towards tighter post-pandemic monetary policy. Meanwhile, their counterparts on the LME mostly cruised lower.

time

Jul 16, 2021 10:00

SMM Morning Comments (Jul 16): Shanghai base metals rose across the board as jobless claims data helped

SMM Morning Comments (Jul 15): Shanghai base metals were mixed as traders digested inflation data, Fed comments

Shanghai base metals traded mixed on Thursday morning as traders reacted to hotter-than-expected US and UK inflation figures and comments from Fed Chairman Jerome Powell. Meanwhile, their counterparts on the LME fell for the most part.

time

Jul 15, 2021 10:00

SMM Morning Comments (Jul 15): Shanghai base metals were mixed as traders digested inflation data, Fed comments

SMM Events & Webinars

Oct
08
- 2nd Li-ion Battery Europe 2024
  Oct 08 - 10,2024
  THE EGG BRUSSELS, BELGIUM
Jun
24
- 2024 Global Renewable Metal Industry Chain Summit
  Jun 24 - 25,2024
  To foster international cooperation and dialogue among industry colleagues
  Kuala Lumpur , Malaysia
Jun
18
- 2024 ASEAN Automotive Supply Chain
  Jun 18 - 19,2024
  Pattaya,Thailand

MOST POPULAR

1.Zinc Oxide Project Feasibility Analysis

2.Zinc Recovery Industry Study

3.Feasibility Study Of Investing a Lead-Zinc Ore Mining Smelting Project In Indonesia

4.Zinc Resources Industry Development Research

5.Zinc Industry Value Chain And Related 3 Hot Topics

Shanghai Metals Market

Privacy Policy Compliance Centre SMM Credit Service Contact Us About Us Terms & Conditions Sitemap Holiday Pricing Schedule

Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.

Drop us a line

service.en@smm.cn

How can we help you?

+86 021 5155-0306

Live chat via WhatsApp

Copyright © 2024 SMM Information & Technology Co., Ltd. All rights reserved.