Zinc social inventories rose 3,000 over weekend

Published: Jun 8, 2020 13:23

Save

Zinc inventories in China extended their gains over the weekend, primarily propelled by an increase in Shanghai as limited deliveries were taken by downstream buyers.

SHANGHAI, Jun 8 (SMM) – Zinc inventories in China extended their gains over the weekend, primarily propelled by an increase in Shanghai as limited deliveries were taken by downstream buyers.

SMM data showed that social inventories of refined zinc ingots across Shanghai, Tianjin, Guangdong, Jiangsu, Zhejiang, Shandong and Hebei increased 3,000 mt from last Friday June 5 to 226,700 mt as of Monday June 8. The stocks were up 7,700 from last Monday June 1.

Concentrated arrivals of shipments from the smelter Zijin and Kazakhstan cargoes lifted zinc inventories in Tianjin, while stocks in Guangdong edged higher amid limited arrivals.

Compared to last Friday, social inventories of refined zinc across the three major trading hubs (Shanghai, Tianjin and Guangdong) increased 3,100 mt, following a gain of 8,000 mt mt in the week ended June 5.

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

15 hours ago

SHFE Zinc Center Continued to Move Lower Today, with Focus on Interest Rate Decisions Outside China and China’s Social Inventory [SMM Brief Commentary on Zinc Futures]

[SHFE Zinc Continued to Decline Today, with Focus on Overseas Rate Decisions and China Social Inventory] The most-traded SHFE zinc 2605 contract opened at 23,470 yuan/mt. After the opening, bulls and bears engaged in fierce competition, and SHFE zinc fluctuated rangebound below the daily average line. During the session, SHFE zinc touched a high of 23,475 yuan/mt and a low of 23,260 yuan/mt, and finally closed down at 23,345 yuan/mt, down 110 yuan/mt, or 0.47%. Trading volume increased to 55,115 lots, and open interest increased by 3,955 lots to 95,164 lots.....

15 hours ago

Data: SHFE, DCE market movement (Mar 18)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 18 Mar , 2026

15 hours ago

22 hours ago

LME Drove SHFE Lower, SHFE Zinc Declined [SMM Zinc Morning Comment]

[SMM Zinc Morning Comment] Overnight, the most-traded SHFE zinc 2605 contract opened at 23,680 yuan/mt. In early trading, SHFE zinc briefly rose to a high of 23,685 yuan/mt, after which bears added to their positions and SHFE zinc fluctuated downward all the way, hitting a low of 23,440 yuan/mt near the close. It finally closed down at 23,455 yuan/mt, down 275 yuan/mt, or 1.16%. Trading volume fell to 39,416 lots, and open interest increased by 10,738 lots to 91,209 lots.

22 hours ago