Home / Metal News / Limited arrivals extend declines in  zinc social inventories

Limited arrivals extend declines in  zinc social inventories

iconJul 29, 2019 14:11
Source:SMM
On-demand purchases by downstream consumers also prevented stocks from building up.

SHANGHAI, Jul 29 (SMM) – Zinc social inventories across Shanghai, Tianjin and Guangdong extended their declines over the weekend, as warehouses saw limited arrivals, either seaborne materials or cargoes from domestic smelters amid maintenance.

SMM data showed that stocks across the three areas decreased by 100 mt from Friday July 26 and by 6,700 mt from Monday July 22 to stand at 144,400 mt as of Monday July 29.

Downstream consumers continued to purchase as demand, and this also prevented stocks from building up. 

Inventory data
Zinc

For queries, please contact Michael Jiang at michaeljiang@smm.cn

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

Related news

SMM Events & Webinars

All