Zinc social inventories rose 1,800 mt over weekend

Published: Jul 13, 2020 15:42

Save

Zinc inventories in China rose over the weekend, due to concentrated arrivals at some regions and as a spike in prices sidelined buyers.

SHANGHAI, Jul 13 (SMM) – Zinc inventories in China rose over the weekend, due to concentrated arrivals at some regions and as a spike in prices sidelined buyers.

SMM data showed that social inventories of refined zinc ingots across Shanghai, Tianjin, Guangdong, Jiangsu, Zhejiang, Shandong and Hebei increased 1,800 mt from last Friday July 10 to 214,200 mt as of Monday July 13. The stocks were down 3,500 mt from last Monday July 6.

Compared to last Friday, social inventories of refined zinc across the three major trading hubs (Shanghai, Tianjin and Guangdong) grew 1,200 mt.

Stocks in south China’s Guangdong and north China’s Tianjin trended higher over the weekend, while east China’s Shanghai avoided an increase in zinc stocks thanks to limited arrivals.

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

11 hours ago

Economic Improvement of the Boumadine Polymetallic Mine in Morocco

11 hours ago

12 hours ago

Rising Fed Rate Hike Expectations and Zinc Inventory Buildup Weigh on SHFE Zinc【SMM Zinc Futures Review】

【Rising Fed Rate Hike Expectations and Renewed Zinc Inventory Buildup Weigh on SHFE Zinc】SHFE zinc 2611 contract opened at 26,555 yuan/mt, briefly edged up to 26,595 yuan/mt, then fluctuated lower to touch 26,280 yuan/mt. It closed at 26,335 yuan/mt, down 265 yuan/mt, or 1.00%, from the night-session close......

12 hours ago

US Fed rate hike expectations heat up, combined with zinc ingot social inventory shifting from decline to increase, SHFE zinc falls under pressure [SMM zinc futures review]

[Expectations for US Fed interest rate hikes intensify, combined with zinc ingot social inventory shifting from decline to increase, SHFE zinc falls under pressure] The daytime session of SHFE zinc 2611 contract opened at 26,555 yuan/mt, briefly rose to 26,595 yuan/mt in early trading, then drifted lower to a low of 26,280 yuan/mt, and finally closed at 26,335 yuan/mt, down 265 yuan/mt from the night session close, a decline of 1.00%. Trading volume increased to 58,201 lots, while open interest decreased by 108 lots to 128,000 lots......

12 hours ago