Zinc social inventory growth slowed on consumption recovery

Published: Mar 6, 2020 14:24

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SMM data showed that social inventories of refined zinc ingots across Shanghai, Tianjin, Guangdong, Jiangsu, Zhejiang, Shandong and Hebei increased 9,400 mt in the week ended March 6 to 322,800 mt, about half of the 18,900 mt gain in the previous week. Compared to Monday March 2, the stocks rose 3,700 mt.

SHANGHAI, Mar 6 (SMM) – Zinc inventories in China grew further slower this week, as downstream consumers reopened or ramped up operations.

Greater orders from end-users also prompted downstream consumers to step up zinc ingot procurement, as zinc prices declined.

The biggest inventory gain was seen in Tianjin this week, as orders from end-users there have yet to recover.

This week, social inventories of refined zinc across Shanghai, Tianjin and Guangdong increased 8,400 mt, after expanding 20,500 mt last week.

Inventory data Zinc

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