Shanghai-bonded zinc stocks fall for 5 weeks

Published: Jun 28, 2019 18:30

Save

Stocks declined 2,200 mt from a week ago to 91,100 mt as of Jun 28

SHANGHAI, Jun 28 (SMM) – Stocks of refined zinc across Shanghai-bonded warehouses fell for a fifth straight week this week, declining 2,200 mt from a week ago to 91,100 mt as of Friday June 28, showed SMM data.

This was much smaller than the drop of 6,900 mt in the prior week, as high losses thinned out trades of imports, and kept supplies of seaborne materials across the domestic markets low.

The bonded warehouses this week again saw seaborne materials leave for re-exports.

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 to learn 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

1 hour ago

Improved Macro Sentiment, LME Zinc Rebounded From Lows [SMM Zinc Morning Meeting Summary]

[SMM Zinc Morning Meeting Summary: Macro Sentiment Improved, LME Zinc Rebounded From Lows]: Overnight, LME zinc opened at $3,040.5/mt. After the opening, LME zinc fluctuated rangebound. During the session, LME zinc quickly surged to a high of $3,183/mt, then rapidly pulled back to around the daily average line, and subsequently fluctuated upward along the daily average line, finally closing higher at $3,103/mt, up $47/mt, or 1.54%···

1 hour ago

China’s Zinc Ingot Inventory Continued Destocking on Monday, SHFE Zinc Center Moved Higher [SMM Zinc Morning Comment]

[SMM Zinc Morning Comment: China’s Zinc Ingot Destocking Continued on Monday, and the Center of SHFE Zinc Moved Upward] Overnight, the most-traded SHFE zinc 2605 contract opened at 22,960 yuan/mt. After the opening, SHFE zinc fluctuated around the daily average line. In early trading, SHFE zinc dipped to 22,915 yuan/mt, and during the session, it touched a high of 23,150 yuan/mt, before finally closing up at 23,075 yuan/mt..

1 hour ago

16 hours ago

The "Golden March" Peak Season Is Gradually Expected to Materialize. [SMM Analysis]

As expectations for the peak-season demand in the “Golden March” gradually begin to materialize, galvanizing operating rates are rising. Can downstream consumption sustain its peak-season performance going forward?

16 hours ago