Zinc social inventories surged 17,000 mt in the week before CNY holiday

Published: Jan 23, 2020 14:00

Save

Stocks increased 17,000 mt from last Friday January 17 to 129,000 mt as of Thursday January 23

SHANGHAI, Jan 23 (SMM) – Zinc inventories in China rose sharply this week, as demand stalled after downstream consumers shut for the Chinese New Year holiday.

SMM data showed that social inventories of refined zinc across Shanghai, Tianjin, Guangdong, Jiangsu, Zhejiang, Shandong and Hebei increased 17,000 mt from last Friday January 17 to 129,000 mt as of Thursday January 23, five times an increase of 3,400 mt seen last week. Between Monday and Thursday, the stocks gained 11,000 mt.

Stocks across all the seven trading hubs expanded this week, with the biggest gain seen in Shanghai due to concentrated arrivals.

Compared to last Friday, social inventories of refined zinc across Shanghai, Tianjin and Guangdong jumped 11,700 mt, more than double a build of 4,600 mt in the week ended January 17.

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

35 mins ago

Tianjin Zinc: Weak Consumption, Average Transactions [SMM Midday Comment]

[Tianjin Zinc: Weak Consumption, Average Transactions] In the Tianjin market, mainstream transactions for #0 zinc ingot were around 24,130-24,380 yuan/mt, Zijin transactions were around 24,180-24,370 yuan/mt, transactions for #1 zinc ingot were around 24,110-24,290 yuan/mt, Zijin was quoted at a discount of 30-50 yuan/mt against the 2608 contract, Huzinc was quoted at 25,270 yuan/mt, #0 zinc ingot was quoted at a discount of 30-100 yuan/mt against the 2608 contract, and the Tianjin market was quoted at a discount of 35 yuan/mt against the Shanghai market.

35 mins ago

1 hour ago

China's Zinc Ingot Inventory Falls to 264,900 mt Across Seven Regions

[SMM Flash] According to SMM communication, as of Thursday (July 2), the total zinc ingot inventory across seven regions in China stood at 264,900 mt, down 11,100 mt from June 25 and down 4,400 mt from June 29, with China’s inventory decreasing.

1 hour ago

2 hours ago

[SMM Flash] ADNOC July Sulfur OSP Jumps to $1,000/mt, Hitting Record High

According to market sources, Abu Dhabi National Oil Company (ADNOC) sharply raised its sulfur official selling price (OSP) for the Indian subcontinent market in July 2026 to $1,000/mt (FOB Ruwais), up $140/mt from the June price. Other Middle Eastern suppliers' July contract prices: QatarEnergy $890/mt (FOB)

2 hours ago