Zinc social inventories inched up 600 mt over weekend

Published: May 11, 2020 14:18

Save

Zinc inventories in China rose slightly over the weekend, primarily propelled by an increase in Shanghai as deliveries including imported materials arrived.

SHANGHAI, May 11 (SMM) – Zinc inventories in China rose slightly over the weekend, primarily propelled by an increase in Shanghai as deliveries including imported materials arrived.

SMM data showed that social inventories of refined zinc ingots across Shanghai, Tianjin, Guangdong, Jiangsu, Zhejiang, Shandong and Hebei stood at 237,600 mt as of Monday May 11, up 600 mt from last Friday May 8 and 1,400 mt higher than last Wednesday May 6.

Stocks in Tianjin and Guangdong inched down over the weekend, as a rally in zinc prices encouraged smelters to discharge their cargoes and as some downstream consumers purchased on demand.

Compared to last Friday, social inventories of refined zinc across Shanghai, Tianjin and Guangdong increased 300 mt, after an increase of 6,800 mt between April 30 and May 8.

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

1 hour ago

Ningbo Zinc: Market Traders Raise Offers, Ningbo Premiums Rise MoM [SMM Midday Comment]

[Zinc in Ningbo: Traders Raise Quotes, Ningbo Premium Rises MoM] The transaction price of mainstream 0# zinc in Ningbo was around 24,920-25,015 yuan/mt. Ningbo conventional brands quoted a premium of 20 yuan/mt against the 2609 contract, and a premium of 30 yuan/mt against Shanghai spot zinc. In Ningbo, mainstream quotes were mainly against the 2609 contract..

1 hour ago

Shanghai Zinc: Market Traders Continued to Hold Prices Firm, Spot Premiums Rose MoM [SMM Midday Review]

[Shanghai Zinc: Traders Continued to Hold Prices Firm, Spot Premiums Rose MoM] Today, mainstream transaction prices for #0 zinc were concentrated at 24,910-25,045 yuan/mt, Shuangyan had no transactions, while mainstream transaction prices for #1 zinc stood at 24,840-24,975 yuan/mt. In morning trading, offers against the SMM average price were at premiums of 40-60 yuan/mt, with no offers reported against the futures contract...

1 hour ago

3 hours ago

Guangdong Zinc: Trader offers were relatively firm, spot premiums edged up [SMM Midday Comment]

[Guangdong: Trader Offers Remain Firm, Spot Premiums Edge Up] Guangdong mainstream 0# zinc traded at 25,010-25,050 yuan/mt, mainstream brands quoted at a discount of 120-60 yuan/mt against the 2609 contract, and a discount of 70 yuan/mt against spot Shanghai, with the Shanghai-Guangdong price spread remaining...

3 hours ago