Zinc social inventories fell 800 mt over weekend

Published: Dec 2, 2019 13:47

Save

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.

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

11 hours ago

Zinc Ingot Inventory Continues to Accumulate, Zinc Prices Weakened During the Day [SMM Zinc Futures Brief Review]

[Zinc Ingot Inventory Continues to Accumulate, Zinc Prices Weaken During the Day]: The most-traded SHFE zinc 2603 contract opened at 24,800 yuan/mt, touched a high of 24,815 yuan/mt early in the session, then fluctuated downward throughout, approaching a low of 24,390 yuan/mt near the close, and finally settled down at 24,395 yuan/mt, falling 375 yuan/mt, a decline of 1.51%.

11 hours ago

14 hours ago

Data: SHFE, DCE market movement (Feb 05)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 05 Feb , 2026

14 hours ago

19 hours ago

Ivanhoe Mines in Talks to Supply Critical Minerals from DRC's Kipushi Mine to US via Gécamines, Mercuria

According to the release from Ivanhoe Mines on February 3, Ivanhoe Mines is engaged in in-depth discussions with Gécamines and Mercuria, planning to supply critical minerals from the ultra-high-grade Kipushi zinc-lead-germanium-gallium mine to the US. Under the proposed agreement, Mercuria's current offtake of Kipushi zinc concentrates will be allocated to the trading division of Gécamines, and the excess production resulting from the successful debottlenecking and expansion of Kipushi in Q4 2025 will also be allocated. The concentrates produced from the Kipushi mine also contain significant amounts of germanium and gallium. Gécamines has the potential to be responsible for the sales of up to 50% of the mine's concentrate production, including sales to the US.

19 hours ago