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Home / Metal News / Shanghai-bonded zinc stocks dropped 2,000 mt on week

Shanghai-bonded zinc stocks dropped 2,000 mt on week

Jun 5, 2020 13:34

Source:SMM

Inventories of zinc ingot across Shanghai-bonded areas registered a much smaller decline this week, as import losses widened sharply on a lower ratio of SHFE zinc prices to its LME counterpart.

SHANGHAI, Jun 5 (SMM) – Inventories of zinc ingot across Shanghai-bonded areas registered a much smaller decline this week, as import losses widened sharply on a lower ratio of SHFE zinc prices to its LME counterpart.

The stocks fell for a seventh straight week this week, decreasing 2,000 mt from a week earlier to 44,000 mt as of Friday June 5, showed SMM data. The stocks dropped 8,800 mt last week.

Inventory data

Zinc

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SHFE nonferrous metals closed higher across the board on Friday February 19, extending increases from the prior day.

Feb 19, 2021 18:00

SMM Comments

SMM Evening Comments (Feb 19): Shanghai nonferrous metals rose across the board for the 2nd day

SMM Morning Comments (Feb 3): Base metals on LME rose broadly as investors watch for stimulus progress

Nonferrous metals on the LME were mostly higher on Wednesday morning as investors are monitoring negotiations in Washington surrounding another stimulus package, while their counterparts on the SHFE also fell for the most part.

Feb 3, 2021 10:15

SMM Comments

SMM Morning Comments (Feb 3): Base metals on LME rose broadly as investors watch for stimulus progress

SMM Morning Comments (Jan 29): Shanghai base metals rose broadly on Friday morning on better-than-expected US jobless data

Nonferrous metals on the SHFE were mostly higher on Friday morning, holding onto overnight gains, as the US first-time filings for unemployment benefits declined in the week ended January 23.

Jan 29, 2021 10:19

SMM Comments

SMM Morning Comments (Jan 29): Shanghai base metals rose broadly on Friday morning on better-than-expected US jobless data

SMM Morning Comments (Jan 25): Shanghai base metals rose across the board, the LME complex mostly cruised lower

Nonferrous metals on the SHFE advanced across the board on Monday morning, and their counterparts on the LME mostly cruised lower after European governments announced further travel restrictions to fight growing Covid infection rates and highly-infectious variants.

Jan 25, 2021 10:00

SMM Comments

SMM Morning Comments (Jan 25): Shanghai base metals rose across the board, the LME complex mostly cruised lower

SMM Evening Comments (Dec 24): Shanghai nonferrous metals rose across the board, lead rose 1.57%

SHFE nonferrous metals closed higher across the board on Thursday December 24.

Dec 24, 2020 18:00

SMM Comments

SMM Evening Comments (Dec 24): Shanghai nonferrous metals rose across the board, lead rose 1.57%

Zinc social inventories shrank 4,100 mt on week

Zinc inventories in China fell this week, with stocks in Shanghai and Guangdong decreasing relatively sharply.

Dec 18, 2020 14:35

Analysis

Zinc social inventories shrank 4,100 mt on week

SMM Morning Comments (Dec 18): Nonferrous metals on both LME and SHFE rose across the board on US stimulus bets and supportive Fed

Base metals on both SHFE and LME increased across the board on Friday morning, holding onto previous gains, as investors expect more US fiscal stimulus and the US Federal Reserve vowed to continue to pour cash into the financial market and keep interest rates close to zero.

Dec 18, 2020 09:50

SMM Comments

SMM Morning Comments (Dec 18): Nonferrous metals on both LME and SHFE rose across the board on US stimulus bets and supportive Fed

SMM Morning Comments (Dec 17): LME base metals rose across the board as the US Fed continues to support the economy

Nonferrous metals on the SHFE rose for the most part on Thursday morning, holding onto overnight gains, while their counterparts on the LME advanced across the board, as the US Federal Reserve kept benchmark interest rates near zero, as expected, following the conclusion of its two-day meeting.

Dec 17, 2020 09:52

SMM Comments

SMM Morning Comments (Dec 17): LME base metals rose across the board as the US Fed continues to support the economy

SMM Evening Comments (Dec 15): Shanghai nonferrous metals ended mixed, lead fell 2.02%

SHFE nonferrous metals closed mixed on Tuesday December 15 as concerns over a coronavirus surge in multiple countries dulled optimism over the vaccine rollout in the US.

Dec 15, 2020 18:00

SMM Comments

SMM Evening Comments (Dec 15): Shanghai nonferrous metals ended mixed, lead fell 2.02%

SMM Morning Comments (Nov 24): Shanghai base metals fell across the board as the dollar extended gains

Nonferrous metals on both SHFE and LME declined across the board in early trading of Tuesday as the dollar index was last up 0.2% at 92.60, after earlier dropping to 92.013, the lowest since September 1.

Nov 24, 2020 09:46

SMM Comments

SMM Morning Comments (Nov 24): Shanghai base metals fell across the board as the dollar extended gains

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Shanghai-bonded zinc stocks dropped 2,000 mt on week

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NET ZERO MEA - Solar & Energy Storage

2025 SMM (20th) Lead & Zinc Conference and Industry Expo

CLNB 2025 New Energy Industry Chain Expo