Zinc social inventories fell below 200,000 mt

Published: Jul 24, 2020 16:04 (GMT+8)
Zinc inventories in China continued to fall this week, primarily propelled by a sharp decline in Shanghai where inflows were affected by heavy rain and floods while outflows were supported by dip-purchases by downstream consumers.

SHANGHAI, Jul 24 (SMM) – Zinc inventories in China continued to fall this week, primarily propelled by a sharp decline in Shanghai where inflows were affected by heavy rain and floods while outflows were supported by dip-purchases by downstream consumers.

 

SMM data showed that social inventories of refined zinc ingots across Shanghai, Tianjin, Guangdong, Jiangsu, Zhejiang, Shandong and Hebei decreased 7,800 mt in the week ended July 24 to 198,900 mt, after a decline of 5,700 mt in the previous week. The stocks dropped 6,200 mt from Monday July 20.

 

Stocks across the three major trading hubs (Shanghai, Tianjin and Guangdong) fell 7,800 mt this week, compared with a 4,200 mt decline in the week before.

 

Inventories in north China’s Tianjin fell this week due to reduced inflows, while stocks in south China’s Guangdong edged lower as downstream consumers stepped up purchases.

 

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
【SMM Flash News】Masivo Intersects 32.50 Metres of Lead-Zinc-Bearing Polymetallic Mineralization at Cerro Colorado.
10 mins ago
【SMM Flash News】Masivo Intersects 32.50 Metres of Lead-Zinc-Bearing Polymetallic Mineralization at Cerro Colorado.
Read More
【SMM Flash News】Masivo Intersects 32.50 Metres of Lead-Zinc-Bearing Polymetallic Mineralization at Cerro Colorado.
【SMM Flash News】Masivo Intersects 32.50 Metres of Lead-Zinc-Bearing Polymetallic Mineralization at Cerro Colorado.
Masivo Silver reported assays from CC-26-001, its first hole at Cerro Colorado in Sonora, Mexico. The hole intersected 32.50 metres from 226.30 to 258.80 metres averaging 0.271% zinc, 0.141% lead and 7.0 g/t silver. Technical difficulties ended drilling at 259.5 metres while the hole remained within mineralized rock.
10 mins ago
【SMM Flash News】TomaGold Reports 69.40 Metres Grading 1.94% Zinc at Berrigan Deep.
30 mins ago
【SMM Flash News】TomaGold Reports 69.40 Metres Grading 1.94% Zinc at Berrigan Deep.
Read More
【SMM Flash News】TomaGold Reports 69.40 Metres Grading 1.94% Zinc at Berrigan Deep.
【SMM Flash News】TomaGold Reports 69.40 Metres Grading 1.94% Zinc at Berrigan Deep.
TomaGold released results from the final three Phase 2 extension holes at Berrigan in Québec, Canada. TOM-25-012EXT returned 69.40 metres grading 1.94% zinc from 784.20 to 853.60 metres, including 4.20 metres at 16.49% zinc. These are core lengths, with true widths estimated at approximately 80–85%.
30 mins ago
Zinc Concentrate Inventories at China's Main Ports Drop by 40,000 MT WoW
17 hours ago
Zinc Concentrate Inventories at China's Main Ports Drop by 40,000 MT WoW
Read More
Zinc Concentrate Inventories at China's Main Ports Drop by 40,000 MT WoW
Zinc Concentrate Inventories at China's Main Ports Drop by 40,000 MT WoW
[Port Zinc Concentrate Market] According to SMM data, zinc concentrate inventories at China's main ports totaled 257,000 mt in physical content this week, down 40,000 mt WoW, with Fangchenggang accounting for the bulk of the decline. Market sources indicate that spot cargoes at ports are currently limited, with few port spot offers reported recently and overall trading activity remaining sluggish.
17 hours ago