Zinc social inventories fall on holiday stockpiling, lack of import inflows-Shanghai Metals Market

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Zinc social inventories fall on holiday stockpiling, lack of import inflows

Data Analysis 11:56:13AM Sep 12, 2019 Source:SMM

SHANGHAI, Sep 12 (SMM) – Social inventories of refined zinc across Shanghai, Tianjin and Guangdong fell by 2,900 mt from Friday September 6, and 3,800 mt lower from Monday September 9 to stand at 141,600 mt as of Thursday September 12, showed SMM data.

Shanghai contributed mainly to the decline as downstream consumers stockpiled ahead of the Mid-Autumn holidays.

On the other hand, cargo inflows reduced on the closure of the arbitrage window between Shanghai and Guangdong and limited inflow of seaborne materials.

Key Words:  Inventory data  Zinc 

Zinc social inventories fall on holiday stockpiling, lack of import inflows

Data Analysis 11:56:13AM Sep 12, 2019 Source:SMM

SHANGHAI, Sep 12 (SMM) – Social inventories of refined zinc across Shanghai, Tianjin and Guangdong fell by 2,900 mt from Friday September 6, and 3,800 mt lower from Monday September 9 to stand at 141,600 mt as of Thursday September 12, showed SMM data.

Shanghai contributed mainly to the decline as downstream consumers stockpiled ahead of the Mid-Autumn holidays.

On the other hand, cargo inflows reduced on the closure of the arbitrage window between Shanghai and Guangdong and limited inflow of seaborne materials.

Key Words:  Inventory data  Zinc