Zinc social inventories extend increases

Published: Sep 20, 2019 13:57

Save

Stocks in Shanghai, Tianjin, and Guangdong all built up week on week as of Friday

SHANGHAI, Sep 20 (SMM) – Social inventories of refined zinc across Shanghai, Tianjin and Guangdong rose by 7,600 mt from Thursday September 12 and by 2,300 mt from Monday September 16, to stand at 149,200 mt on Friday September 20, showed SMM data.

This came after the inventories grew 5,400 mt over the holiday weekend as of Monday September 16.

Stocks in Shanghai, Tianjin, and Guangdong all built up week on week as of Friday, with a significant increase in Shanghai due to an inflow of imported zinc.

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

9 hours ago

Geopolitical Disruptions Combined with Trade Disturbances Drive SHFE and LME Prices Higher [SMM Market Review - Zinc Price Weekly Commentary]

[Geopolitical Disruptions Combined with Trade Disturbances, SHFE and LME Both Rise] At the beginning of the week, LME zinc was closed due to the UK bank holiday. Subsequently, signs that the US-Iran ceasefire agreement remained in effect eased inflation concerns and upward pressure on interest rates. Combined with supply disruptions outside China, these factors jointly supported the rise of LME zinc. Meanwhile, the US dollar index continued to decline, and inventories outside China fell consecutively, further supporting LME zinc's upward move......

9 hours ago

No Significant Production Cuts at Smelters in May, Zinc Concentrate TCs Continue to Decline [SMM Zinc Concentrates Weekly Review]

[No Significant Production Cuts at Smelters in May; Zinc Concentrate TCs Continued to Decline]: Based on weekly data, the SMM Zn50 domestic weekly average TC fell 150 yuan/mt Zn WoW to 700 yuan/mt Zn, and the SMM imported zinc concentrate index dropped $6.5/dmt WoW to -$45.75/dmt.

9 hours ago

Zinc Oxide Production Relatively Stable but Enterprise Profit Margins Narrow [SMM Zinc Oxide Weekly Review]

[Zinc Oxide Operating Rates Relatively Stable but Enterprise Profit Margins Narrow] Currently, the overall demand in the zinc oxide industry was relatively stable, but market price involution was prominent. Meanwhile, some enterprises saw rising production costs due to production processes and increased raw material costs, while product selling prices were suppressed by market competition, leaving limited upside room...

9 hours ago