Shanghai-bonded zinc stocks dropped 8,800 mt on week

Published: May 29, 2020 13:28 (GMT+8)

Save

This week’s decline was the largest over the past six weeks as import profits recovered on a higher ratio of domestic prices to overseas.

SHANGHAI, May 29 (SMM) – Inventories of zinc ingot across Shanghai-bonded areas fell for a sixth straight week this week, decreasing 8,800 mt from a week earlier to 46,000 mt as of Friday May 29, showed SMM data.

This week’s decline was the largest over the past six weeks as import profits recovered on a higher ratio of domestic prices to overseas.

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

16 hours ago

Data: SHFE, DCE market movement (Oct 26)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 26 Oct , 2026

16 hours ago

18 hours ago

Guangdong zinc: Zinc prices rise, Guangdong premiums decline [SMM Midday Commentary]

[Guangdong: Zinc prices rise, Guangdong premiums decline] Guangdong 0# zinc was mainly traded at 25,280-25,420 yuan/mt, with mainstream brands quoted at premiums of 15-55 yuan/mt against the 2612 contract and a premium of 30 yuan/mt against Shanghai spot cargo. The Shanghai-Guangdong price spread widened...

18 hours ago

19 hours ago

Shanghai Zinc: Downstream Purchases on Demand, Spot Transactions Sluggish [SMM Midday Commentary]

[Shanghai Zinc: Downstream Purchases on Demand, Spot Transactions Sluggish] Today, mainstream transaction prices for #0 zinc were concentrated at 25,590-25,755 yuan/mt, with no transactions for Shuangyan, and mainstream transaction prices for #1 zinc were at 25,520-25,685 yuan/mt. In the morning session, market quotes for cargoes with invoices dated next month were at premiums of 0-20 yuan/mt against the SMM average price, with no quotes against the contract..

19 hours ago