Zinc social inventories fell 2,200 mt over weekend

Published: Apr 13, 2020 14:26

Save

Zinc inventories in China fell over the weekend, propelled by a drop in Shanghai where downstream consumers were keen to replenish their stocks to wrap up the week. SMM data showed that social inventories of refined zinc ingots across Shanghai, Tianjin, Guangdong, Jiangsu, Zhejiang, Shandong and Hebei stood at 283,600 mt as of Monday April 13, down 2,200 mt from Friday April 10 and 13,800 mt from Tuesday April 7.

SHANGHAI, Apr 13 (SMM) – Zinc inventories in China fell over the weekend, propelled by a drop in Shanghai where downstream consumers were keen to replenish their stocks to wrap up the week.

SMM data showed that social inventories of refined zinc ingots across Shanghai, Tianjin, Guangdong, Jiangsu, Zhejiang, Shandong and Hebei stood at 283,600 mt as of Monday April 13, down 2,200 mt from Friday April 10 and 13,800 mt from Tuesday April 7.

The inventory decline over the weekend was partially offset by gains in Guangdong and Tianjin. Weak consumption muted trades in Guangdong, while trades in Tianjin slowed as some of smelters there held back on sales.

Compared to last Friday, social inventories of refined zinc across Shanghai, Tianjin and Guangdong decreased 1,600 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

4 hours ago

China’s Market Regulator Names Platform Economy, PV, Lithium Batteries, NEVs: Curbing “Involution” Competition

[SMM Flash News] State Administration for Market Regulation: Focus on Preventing and Addressing “Involutionary” Competition in Key Industries and Fields Such as the Platform Economy, PV, Lithium Batteries, and NEVs

4 hours ago

5 hours ago

Supply-Side Support Pushed the Zinc Price Center Higher [SMM Weekly Zinc Commentary]

[Support From the Supply Side Pushed the Center of Zinc Prices Higher] The most-traded SHFE zinc 2605 contract opened at 23,320 yuan/mt. In early trading, bears reduced open interest, and SHFE zinc quickly surged to a high of 23,575 yuan/mt. It then dropped back slightly, fluctuating and consolidating around 23,515 yuan/mt, before closing up at 23,540 yuan/mt, up 160 yuan/mt, or 0.68. Trading volume fell to 105,000 lots, and open interest decreased by 5,427 lots to 97,355 lots.

5 hours ago

[SMM Conference] PbZn Conference 2026 Gathers Global Leaders to Navigate Evolving Market Dynamics

On March 27, the 2026 SMM (21st) Lead & Zinc Conference and Industry Expo, organized by SMM, wrapped up successfully at Howard Johnson Agile Plaza in Chengdu, Sichuan!

5 hours ago