Shanghai-bonded zinc stocks fall 200 mt on week

Published: Jul 12, 2019 15:35

Save

Stocks decreased by 200 mt from a week ago to stand at 90,500 mt as of Jul 12

SHANGHAI, Jul 12 (SMM) – Stocks of refined zinc across Shanghai-bonded warehouses fell for a seventh straight week, but at a slower pace, this week, as a recovery in import profits was insufficient to open the arbitrage window.

SMM data showed that stocks decreased by 200 mt from a week ago to stand at 90,500 mt as of Friday July 12, after a dip of 400 mt in the week ended July 5.

Import losses narrowed by 300-500 yuan/mt following the collapse of the backwardation structure on London zinc, but the import arbitrage window remained closed.

A lack of arbitrage opportunities and a substantial increase in domestic supply held traders back from purchasing seaborne cargoes, keeping foreign trades light.

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

Zhongjin Mining Wins Exploration Rights for Fuxingtun Silver-Lead-Zinc Mine in Inner Mongolia Auction

[Metallurgical Enterprise Dynamics] On February 11, in an auction conducted on the Inner Mongolia Autonomous Region's natural resource online trading system, Zhongjin (Xing'an League) Mining Co., Ltd. won the exploration rights for "Detailed Survey of Area 1 of the Fuxingtun Silver-Lead-Zinc Polymetallic Mine in Horqin Right Wing Front Banner, Inner Mongolia Autonomous Region" with the highest bid of 7.87 billion yuan. The resource amount reviewed and filed as of 2020 is as follows: silver ore volume 26.292 million mt (silver metal content 5,105 mt (grade 194.17 g/mt)); associated zinc metal content 235,700 mt, lead metal content 135,200 mt, constituting a large-scale concealed deposit.

1 hour ago

4 hours ago

Data: SHFE, DCE market movement (Feb 11)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 11 Feb , 2026

4 hours ago

5 hours ago

China's automobile production and sales remained stable in January 2026, with sales slightly declining

[SMM Express] The latest data released today (11th) by the China Association of Automobile Manufacturers (CAAM) showed that China's automobile industry maintained stable operation in January 2026. In January, automobile production and sales reached 2.45 million units and 2.346 million units, respectively, with production up 0.01% YoY and sales down 3.2% YoY.

5 hours ago