Limited arrivals, downstream restocking lower zinc social inventories

Published: Jul 8, 2019 11:04

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SMM retains expectations that a continued seasonal lull may grow inventories in the weeks ahead

SHANGHAI, Jul 8 (SMM) – Zinc social inventories continued to shrink from Friday July 5, as of Monday July 8, as limited arrivals of seaborne materials and cargoes from smelters lowered stocks.

Bargain-hunting purchases by downstream consumers after zinc prices fell below 20,000 yuan/mt also accounted for the lower inventories.

SMM retains expectations that a continued seasonal lull may grow social inventories of zinc in the weeks ahead.

Inventory data Zinc

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