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Home / Metal News / Outflow from Guangdong lowers zinc social inventories

Outflow from Guangdong lowers zinc social inventories

May 27, 2019 11:26

Source:SMM

With deliveries arriving at social warehouses, inventories are expected to rebound this week

SHANGHAI, May 27 (SMM) – Social inventories of refined zinc across Shanghai, Guangdong and Tianjin extended their declines over the weekend as more cargoes moved from warehouses in Guangdong to eastern China.

SMM data showed that inventories decreased by 21,500 mt from Monday May 20, and by 5,100 mt from Friday May 24, to stand at 137,300 mt as of Monday May 27.

With deliveries arriving at social warehouses, inventories are expected to rebound this week.

Inventory data

Zinc

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Jul 19, 2021 16:36

Industry

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

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SMM Comments

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Analysis

Operating rates of copper rods are expected to decline in September with high inventories

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Outflow from Guangdong 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