Zinc social inventories fell 5,700 mt on week

Published: Jul 17, 2020 14:44 (GMT+8)
Zinc inventories in China continued to fall this week, as logistics was affected by floods in some regions.

SHANGHAI, Jul 17 (SMM) – Zinc inventories in China continued to fall this week, as logistics was affected by floods in some regions.

 

SMM data showed that social inventories of refined zinc ingots across Shanghai, Tianjin, Guangdong, Jiangsu, Zhejiang, Shandong and Hebei decreased 5,700 mt in the week ended July 17 to 206,700 mt, after a decline of 4,200 mt mt in the previous week. The stocks dropped 7,500 mt from Monday July 13.

 

Stocks across the three major trading hubs (Shanghai, Tianjin and Guangdong) fell 4,200 mt this week, compared with a 5,100 mt decline in the week before.

 

Domestic arrivals affected by floods and limited inflows of imported cargoes contributed to the sharp fall in zinc stocks in east China’s Shanghai this week, even as deliveries from those social warehouses reduced amid cautious procurement by downstream consumers.

 

Inventories in north China’s Tianjin fell this week as the market was attempting to digest arrivals from the previous week.

 

Stocks in south China’s Guangdong rose, however, as arrivals increased after the price spread with Shanghai narrowed and smelters reduced direct shipments to end-users.

 

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
Hindustan Zinc posts record 264 kt of saleable metal in Q2 FY27
16 mins ago
Hindustan Zinc posts record 264 kt of saleable metal in Q2 FY27
Read More
Hindustan Zinc posts record 264 kt of saleable metal in Q2 FY27
Hindustan Zinc posts record 264 kt of saleable metal in Q2 FY27
Hindustan Zinc reported record saleable metal production of 264 kt for Q2 FY27 ended September 30, 2026, up 7% year on year and 1% quarter on quarter. Refined zinc output rose 5% year on year to 212 kt, refined lead production increased 14% to 51 kt, and mined metal output rose 5% to 271 kt. The company attributed refined-metal growth to additional capacity unlocked through debottlenecking at Chanderiya and Dariba, the 160 ktpa roaster at Debari, and plant availability. First-half saleable metal production reached 524 kt, up 6% year on year, including 426 kt of refined zinc and 99 kt of refined lead, both up 6%.
16 mins ago
【SMM Flash News】Red Hill Announces Start of a 1,700-Metre Diamond Drilling Program at Broken Hill.
54 mins ago
【SMM Flash News】Red Hill Announces Start of a 1,700-Metre Diamond Drilling Program at Broken Hill.
Read More
【SMM Flash News】Red Hill Announces Start of a 1,700-Metre Diamond Drilling Program at Broken Hill.
【SMM Flash News】Red Hill Announces Start of a 1,700-Metre Diamond Drilling Program at Broken Hill.
On October 5, Red Hill Minerals announced the start of a planned 1,700-metre diamond drilling program at Broken Hill in New South Wales, Australia. Broken Hill forms part of the Curnamona exploration joint venture, whose target commodities include zinc, lead and silver.
54 mins ago
【SMM Flash News】Evergold Reports Initial Golden Lion Gold-Silver Results; Lead-Zinc Assays Remain Pending.
1 hour ago
【SMM Flash News】Evergold Reports Initial Golden Lion Gold-Silver Results; Lead-Zinc Assays Remain Pending.
Read More
【SMM Flash News】Evergold Reports Initial Golden Lion Gold-Silver Results; Lead-Zinc Assays Remain Pending.
【SMM Flash News】Evergold Reports Initial Golden Lion Gold-Silver Results; Lead-Zinc Assays Remain Pending.
Evergold reported results from the first six 2026 drill holes at the GL1 Zone of its Golden Lion project in British Columbia, Canada. GL26-031 intersected 4.9 metres grading 7.70 g/t gold and 186.0 g/t silver. The completed program comprised 16 holes totalling 3,988 metres, with results pending for the remaining ten. Copper, lead and zinc multi-element assays remain pending for all six reported holes.
1 hour ago