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Home / Metal News / Stable recovery of consumption lowers zinc social inventories

Stable recovery of consumption lowers zinc social inventories

Apr 1, 2019 13:32

Source:SMM

Limited seaborne arrivals also accounted for the lower stocks over the weekend

SHANGHAI, Apr 1 (SMM) – Social inventories of refined zinc across Shanghai, Guangdong and Tianjin shrank by 1,900 mt from Friday March 29 and by 5,500 mt from Monday March 25 to stand at 210,500 mt as of Monday April 1, SMM data showed.

Stable recovery of downstream consumption continued to expand shipments from social warehouses. This, together with limited seaborne arrivals, accounted for the lower stocks.

Inventory data

Zinc

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

Jul 23, 2021 10:00

SMM Comments

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

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.

Jul 19, 2021 18:00

SMM Comments

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.

Jul 19, 2021 16:36

Industry

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

SMM Evening Comments (Jul 16): Shanghai nonferrous metals rose across the board amid wider power curtailment

SHFE nonferrous metals all went up today as China’s power curtailment expanded to many regions, and US expectation of interest rate hikes intensified.

Jul 16, 2021 18:37

SMM Comments

SMM Evening Comments (Jul 16): Shanghai nonferrous metals rose across the board amid wider power curtailment

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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.

Jul 15, 2021 10:00

SMM Comments

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

SMM Morning Comments (Jul 12): Shanghai base metals rose across the board as investors watched regional Covid situation

Shanghai base metals advanced across the board on Monday morning as investors continued to monitor the Covid situation regionally. Meanwhile, their counterparts on the LME also rose for the most part.

Jul 12, 2021 10:00

SMM Comments

SMM Morning Comments (Jul 12): Shanghai base metals rose across the board as investors watched regional Covid situation

SMM Evening Comments (Jul 9): Shanghai nonferrous metals closed mixed, lead fell 0.79

SHFE nonferrous metals, except for copper and lead, all went up today, amid the shrinking increase in China’s CPI and PPI. Nickel rose 2.61% to lead the gains, aluminium increased 0.32%, zinc went up 0.58%, and tin advanced 1.38%, while copper fell 0.14% and lead shed 0.79%.

Jul 9, 2021 18:45

SMM Comments

SMM Evening Comments (Jul 9): Shanghai nonferrous metals closed mixed, lead fell 0.79

SMM Evening Comments (Jul 5): Shanghai nonferrous metals rose across the board, aluminium advanced 2.97%

SHFE nonferrous metals broadly closed higher across the board on Monday July 5.

Jul 5, 2021 18:00

SMM Comments

SMM Evening Comments (Jul 5): Shanghai nonferrous metals rose across the board, aluminium advanced 2.97%

Zinc social inventories shrank 3,600 mt on week

SMM data showed that social inventories of refined zinc ingots across Shanghai, Tianjin, Guangdong, Jiangsu, Zhejiang, Shandong and Hebei decreased 3,600 mt in the week ended July 2 to 112,900 mt. The stocks fell 3,600 mt from Monday June 28.

Jul 2, 2021 15:04

Analysis

Zinc social inventories shrank 3,600 mt on week

SMM Morning Comments (Jun 29): Shanghai base metals were mixed as investors monitored rising Covid-19 cases around the globe

Shanghai base metals mostly cruised lower on Tuesday morning despite gains overnight on Wall Street that saw the S&P 500 and Nasdaq Composite touching fresh record closing highs. Meanwhile, their counterparts on the LME traded mixed.

Jun 29, 2021 10:00

SMM Comments

SMM Morning Comments (Jun 29): Shanghai base metals were mixed as investors monitored rising Covid-19 cases around the globe

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Stable recovery of consumption lowers zinc social inventories

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NET ZERO EUROPE - Solar & Energy Storage Summit

2nd Li-ion Battery Europe 2024

2024 Global Renewable Metal Industry Chain Summit