Deliveries, recovering consumption lower zinc social inventories

Published: Mar 18, 2019 13:56

Save

Stocks declined 1,800 mt from Mar 15 but rose 6,500 mt from Mar 11 to stand at 228,600 mt as of Mar 18

SHANGHAI, Mar 18 (SMM) – Social inventories of refined zinc across Shanghai, Tianjin and Guangdong dipped over the weekend as cargoes were delivered and downstream consumption recovered.

SMM data showed that social inventories of refined zinc across the three regions declined 1,800 mt from Friday March 15 but rose 6,500 mt from Monday March 11 to stand at 228,600 mt as of Monday March 18.

An increase in stocks in Shanghai of some 4,300 mt accounted for gains in stocks across the three regions over the week.

Stocks are expected to extend their declines as downstream consumption further recovers after the two sessions.

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

12 hours ago

[Zinc Weekly Review] SHFE Zinc Rebounds from Lows as Tight Ore Supply Offsets Pressure from US Fed Rate Hike Expectations and Weaker LME

[Expectations for US Fed interest rate hikes and a weaker LME pressured SHFE zinc, while ore supply tightness supported a rebound from lows] The SHFE zinc 2611 contract opened at 26,180 yuan/mt in the daytime session, edged up to 26,200 yuan/mt in early trading, then pulled back to a low of 26,005 yuan/mt. After rebounding from the low, it moved sideways in a narrow range and closed at 26,145 yuan/mt, down 65 yuan/mt, or 0.25%. Trading volume decreased to 47,162 lots, and open interest fell by 3,474 lots to 123,000 lots......

12 hours ago

14 hours ago

Data: SHFE, DCE market movement (Sep 15)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 15 Sep , 2026

14 hours ago

16 hours ago

SHFE zinc center declines, while the South China zinc ingot market trading recovers.

[South China zinc ingot market] SHFE zinc futures prices fell below yuan 26,000/mt in the night session yesterday, prompting more downstream pricing. According to SMM, market pricing today was mostly concentrated at yuan 26,000-26,300/mt, with the market mainly fulfilling previous orders and few new pricing deals; however, the recovery in market trading drove spot premiums higher. Today, SMM #0 zinc ingot (Guangdong) was quoted at yuan 26,030/mt, down yuan 300/mt.

16 hours ago