Shanghai-bonded zinc stocks rose for 2nd week on arrivals under bills of lading

Published: Nov 29, 2019 15:15

Save

Stocks increased 1,500 mt from a week earlier to 80,900 mt as of Nov 29

SHANGHAI, Nov 29 (SMM) – Inventories of zinc ingot across Shanghai-bonded areas rose for a second straight week this week, as cargoes under bills of lading arrived.

SMM data showed that Shanghai bonded zinc stocks increased 1,500 mt from a week earlier to 80,900 mt as of Friday November 29. The stocks increased 5,100 mt in the past fortnight.

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

15 mins ago

Policy props up China’s die-cast zinc alloy demand at home, but export orders shift: how strong is the peak season?

According to SMM data, die-cast zinc alloy operating rates stood at 51.8% as of last week. Looking at March expectations, the industry's operating performance is projected to decline by approximately 7 percentage points year-on-year. The main reasons for the decline in operating rates are as follows

15 mins ago

6 hours ago

SHFE Zinc Posted a Five-Day Winning Streak, with Its Center Edging Up Slightly [SMM Zinc Morning Comment]

[SMM Zinc Morning Comment] Last Friday, SHFE zinc recorded a five-day winning streak, with support provided by the 5-day and 10-day daily average lines below. In April, routine maintenance at smelters increased, and inventory continued destocking, while zinc fundamentals improved......

6 hours ago

Zinc Fundamentals Improved, but Weak Macro Sentiment Limited Its Upside [SMM Morning Meeting Summary]

[SMM Morning Meeting Summary: Zinc Fundamentals Improved Slightly, but Weak Macro Sentiment Limited Its Gains] Last Friday, LME zinc posted a small bullish candlestick, with the 10-day moving average above acting as resistance. Although the risk of an escalation in the geopolitical conflict in the Middle East remained last Friday and macro sentiment was weak, concerns over mine-side energy supply arising from such an escalation also increased......

6 hours ago