Zinc social inventories dipped 600 mt over weekend

Published: Jan 6, 2020 14:08

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Social inventories at Shanghai, Tianjin, Guangdong, Jiangsu, Zhejiang, Shandong and Hebei were 106,900 mt as of January 6

SHANGHAI, Jan 6 (SMM) – Social inventories of refined zinc across Shanghai, Tianjin, Guangdong, Jiangsu, Zhejiang, Shandong and Hebei stood at 106,900 mt as of Monday January 6, down 600 mt from Friday January 3 and 2,400 mt from Monday December 30, showed SMM data.

Shanghai primarily contributed to the decline in overall stocks over the weekend, due to limited arrivals and as downstream consumers remained keen to buy on dips.

Tepid purchases and great arrivals, meanwhile, boosted stocks in Guangdong.

Stocks in Tianjin were barely changed as downstream consumers scaled back their purchases and focused on existing inventories.

As of January 6, social inventories of refined zinc across Shanghai, Tianjin and Guangdong shrank 500 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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