Zinc social inventories shrank 2,000 mt on week

Published: Dec 20, 2019 14:54

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Inventories fell the most in Zhejiang on the back of unstable arrivals in Ningbo

SHANGHAI, Dec 20 (SMM) – Social inventories of refined zinc across Shanghai, Tianjin, Guangdong, Jiangsu, Zhejiang, Shandong and Hebei stood at 113,300 mt as of Friday December 20, down 2,000 mt from Friday December 1 3 and down 4,800 mt from Monday December 1 6, showed SMM data.

While greater arrivals and weakened consumption in east China grew inventories in Shanghai, stocks in the other six areas registered declines.

Inventories fell the most in Zhejiang on the back of unstable arrivals in Ningbo. The end of environmental production curbs in Tianjin boosted downstream purchases, and this reduced the Tianjin stocks.

As of December 20, social inventories of refined zinc across Shanghai, Tianjin and Guangdong increased 1,300 mt from last Friday.

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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