Zinc social inventories fell 800 mt over weekend

Published: Dec 2, 2019 13:47

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Shanghai contributed to most of the decline amid firm downstream demand in east China and active restocking on lower prices

SHANGHAI, Dec 2 (SMM) – Social inventories of refined zinc across Shanghai, Tianjin, Guangdong, Jiangsu, Zhejiang, Shandong and Hebei stood at 141,500 mt as of December 2, down 800 mt from Friday November 29 and down 6,200 mt from Monday November 25, showed SMM data.

Shanghai contributed to most of the decline in overall stocks amid firm downstream demand in east China and active restocking on lower prices.

Stocks in Tianjin and Hebei edged up on the back of increased cargo arrivals and environmental production curbs dampened consumption in north China and deterred shipments out of social warehouses.

SMM data showed that social inventories of refined zinc in Shanghai, Guangdong and Tianjin fell 1,300 mt from last Friday as of Monday December 2.

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.

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