Zinc social inventories rose 1,600 mt over weekend

Published: Jan 13, 2020 13:30

Save

Stocks across Shanghai, Tianjin, Guangdong, Jiangsu, Zhejiang, Shandong and Hebei stood at 110,200 mt as of January 13

SHANGHAI, Jan 13 (SMM) – Zinc inventories in China continued to grow over the weekend, as downstream consumers held back from stockpiling ahead of the Chinese New Year break.

SMM data showed that social inventories of refined zinc across Shanghai, Tianjin, Guangdong, Jiangsu, Zhejiang, Shandong and Hebei stood at 110,200 mt as of Monday January 13, up 1,600 mt from Friday January 10 and 3,300 mt from Monday January 6, showed SMM data.

Stocks in east China fell over the weekend, as downstream consumers in Shanghai stepped up purchases after prices declined on the week and as limited cargoes arrived at Jiangsu and Zhejiang.

Guangdong and Tianjin primarily contributed to the inventory increase, as deliveries from smelters arrived as normal while downstream consumers stood on the sideline in the run-up to the CNY holiday.

Between January 10 and 13, social inventories of refined zinc across Shanghai, Tianjin and Guangdong jumped 3,400 mt.

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

1 hour 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%.

1 hour ago

3 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

3 hours ago

8 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.

8 hours ago