Zinc social inventories rose 1,600 mt over weekend

Published: Jan 13, 2020 13:30 (GMT+8)

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 for 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

5 hours ago

【Flash | Coherent’s PhotonLink Sets the Stage for a Commercial Indium Phosphide (InP) Ramp】

Coherent launched PhotonLink, an integrated optics platform for AI infrastructure incorporating Indium Phosphide (InP) lasers, silicon photonics, detectors and optical modules. The company disclosed more than 10 CPO engagements, over 10 NPO engagements and more than five chip-to-chip connectivity projects, with anchor customers and long-term agreements secured for both CPO and NPO. Revenue is expected to begin ramping in Q4 2026. Coherent has shipped over 300 million InP lasers and is expanding its 6-inch InP manufacturing capacity to support the ramp. The customer pipeline provides a clearer commercial demand signal for InP devices and upstream materials, although additional capacity and indium consumption were not disclosed.

5 hours ago

8 hours ago

Adamera Completes Preliminary Talisman Underground Inspection; Detailed Assessment Still Required

Adamera Minerals announced that JDS Energy & Mining had completed a preliminary underground inspection at its wholly owned Talisman project in Washington State. No immediate impediment to safe re-entry was identified, and mineralization including sphalerite was observed near the portal and adit. More than 200 soil samples await results. Significant underground work still requires detailed geotechnical assessment, support design and stope inspection. Mineral observations do not establish grade, continuity, tonnage or economic potential.

8 hours ago

【SMM Flash News】Windfall Renews 592 Hectares of Bathurst Claims to Advance Zinc-Copper Target Validation

Windfall Geotek announced renewal of 592 hectares of claims in Canada’s Bathurst Mining Camp. Zinc targets at Upper Sprig Brook were generated using an AI model trained on zinc-copper assays from seven local volcanogenic massive sulphide deposits. The company plans historical-data compilation and rock or soil sampling to advance target validation and subsequent drill targeting. No new drilling assays or mineral resource estimate were announced.

8 hours ago