Zinc social inventories fell 3,600 mt over weekend

Published: May 25, 2020 14:37

Save

Zinc inventories in China extended their decline over the weekend, propelled by a drop in Guangdong where downstream consumers stepped up purchases after zinc prices pulled back later last week.

SHANGHAI, May 25 (SMM) – Zinc inventories in China extended their decline over the weekend, propelled by a drop in Guangdong where downstream consumers stepped up purchases after zinc prices pulled back later last week.

SMM data showed that social inventories of refined zinc ingots across Shanghai, Tianjin, Guangdong, Jiangsu, Zhejiang, Shandong and Hebei decreased 3,600 mt from last Friday May 22 to 222,100 mt as of Monday May 25. The stocks were down 5,600 from last Monday May 18.

Stocks in Shanghai and Tianjin, however, rose over the weekend due to the arrivals of imported cargoes.

Compared to last Friday, social inventories of refined zinc across the three major trading hubs—Shanghai, Tianjin and Guangdong—decreased 1,900 mt, following a fall of 1,200 mt in the week ended May 22.

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

Sep 4, 2026 16:45

SHFE/LME price ratio rebounds and consolidates around 6.8, export window opens [SMM Zinc SHFE/LME Price Ratio Weekly Review]

[SHFE/LME price ratio rebounds to around 6.8 and consolidates]: This week, the SHFE/LME price ratio rebounded slightly from lows to around 6.8, with the zinc ingot export window still open. Outside China, the escalating Middle East conflict pushed up oil prices, the US dollar weakened, and nonferrous metals rebounded across the board. Fundamentals side, LME inventory remains low in absolute terms, the 0-3 backwardation structure holds above $130/mt, spot supply outside China is tight, and LME zinc is showing relative strength.

Sep 4, 2026 16:45

Sep 4, 2026 15:57

Data: SHFE, DCE market movement (Sep 04)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 04 Sep , 2026

Sep 4, 2026 15:57

Sep 4, 2026 15:00

High Prices Suppress Market Demand, Die-Casting Zinc Alloy Market Performance Remains Weak [SMM Die-Casting Zinc Alloy Weekly Review]

[High prices suppress market demand, die-casting zinc alloy market performance remains subdued] This week, operating rates pulled back, mainly disrupted by extreme weather in east China, with some enterprises experiencing temporary production halts. On the end-use consumption side, constrained by high zinc prices, downstream hardware fittings enterprises showed strong fear of high prices......

Sep 4, 2026 15:00