Home / Metal News / Zinc / Zinc social inventories dip as lower prices boost purchases 
Zinc social inventories dip as lower prices boost purchases 
Jun 24,2019 11:15CST
data analysis
Lower prices of zinc below the 2,000 yuan/mt level prompted downstream consumers to stockpile

SHANGHAI, Jun 24 (SMM) – Zinc social inventories shrank over the weekend as lower futures prices of zinc, below the 2,000 yuan/mt level, prompted downstream consumers to stockpile. Limited arrivals in Tianjin and Guangdong also lowered inventories. 

SMM data showed that social inventories of refined zinc across Shanghai, Tianjin and Guangdong decreased by 1,600 mt from Friday June 21, and by 4,600 mt from Monday June 17, to stand at 153,700 mt as of Monday June 24.

Inventories in Guangdong and Tianjin extended their declines, while an inflow of imported materials grew stocks in Shanghai as of Monday June 24. 

Inventory data

For queries, please contact Frank LIU at liuxiaolei@smm.cn

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

Related news