Pre-holiday stockpiling lowers zinc social stocks on week

Published: Apr 04, 2019 14:35 (GMT+8)

Save

SMM expects zinc social inventories to extend their drops in the second quarter

SHANGHAI, Apr 4 (SMM) – Downstream stockpiling ahead of the Qingming Festival holiday during April 5-7 extended decline in social inventories of refined zinc as of Thursday April 4.

Social inventories of refined zinc across Shanghai, Guangdong and Tianjin decreased by 8,300 mt from Friday March 29 and by 6,400 mt from Monday April 1 to stand at 204,100 mt as of Thursday April 4, SMM data showed. Lower inventories in Shanghai accounted for most of the declines.

This week, deliveries from smelters to social warehouses remained limited, as some shipments directly went to downstream consumers. This, together with smaller seaborne arrivals amid import losses, also lowered the social stocks.

SMM expects zinc social inventories to extend their drops in the second quarter.

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

Oct 02, 2026 14:34 (GMT+8)

【Flash | Coherent’s PhotonLink Sets the Stage for a Commercial Indium Phosphide (InP) Ramp】

Coherent launched PhotonLink, an integrated optics platform for AI infrastructure incorporating Indium Phosphide (InP) lasers, silicon photonics, detectors and optical modules. The company disclosed more than 10 CPO engagements, over 10 NPO engagements and more than five chip-to-chip connectivity projects, with anchor customers and long-term agreements secured for both CPO and NPO. Revenue is expected to begin ramping in Q4 2026. Coherent has shipped over 300 million InP lasers and is expanding its 6-inch InP manufacturing capacity to support the ramp. The customer pipeline provides a clearer commercial demand signal for InP devices and upstream materials, although additional capacity and indium consumption were not disclosed.

Oct 02, 2026 14:34 (GMT+8)

Oct 02, 2026 10:40 (GMT+8)

Adamera Completes Preliminary Talisman Underground Inspection; Detailed Assessment Still Required

Adamera Minerals announced that JDS Energy & Mining had completed a preliminary underground inspection at its wholly owned Talisman project in Washington State. No immediate impediment to safe re-entry was identified, and mineralization including sphalerite was observed near the portal and adit. More than 200 soil samples await results. Significant underground work still requires detailed geotechnical assessment, support design and stope inspection. Mineral observations do not establish grade, continuity, tonnage or economic potential.

Oct 02, 2026 10:40 (GMT+8)

Oct 02, 2026 10:39 (GMT+8)

【SMM Flash News】Windfall Renews 592 Hectares of Bathurst Claims to Advance Zinc-Copper Target Validation

Windfall Geotek announced renewal of 592 hectares of claims in Canada’s Bathurst Mining Camp. Zinc targets at Upper Sprig Brook were generated using an AI model trained on zinc-copper assays from seven local volcanogenic massive sulphide deposits. The company plans historical-data compilation and rock or soil sampling to advance target validation and subsequent drill targeting. No new drilling assays or mineral resource estimate were announced.

Oct 02, 2026 10:39 (GMT+8)